The mega-banksters are consolidating their loot by swallowing other banks..

 

From: [email protected]
[mailto:[email protected]] On
Behalf Of CLG_News
Sent: Saturday, October 24, 2009 1:19 AM
To: CLG News
Subject: Bank closings hit 101 for year; most since 1992

 

News Updates from Citizens For Legitimate Government

23 Oct 2009

 <http://www.legitgov.org> http://www.legitgov.org

All links are here:

 <http://www.legitgov.org/#breaking_news>
http://www.legitgov.org/#breaking_news

Breaking: Bank closings hit 101 for year; most since 1992
<http://www.google.com/hostednews/ap/article/ALeqM5i6Ok0pWih60k5t_jnYdSJ0iKA
2YgD9BH29I00>  23 Oct 2009 Bank closings for the year have surpassed 100 as
regulators shut down small banks in Florida and Georgia. Financial
institutions nationwide have collapsed under the weight of soured real
estate loans and the Great Recession Bush Depression. The Federal Deposit
Insurance Corp. took over Partners Bank in Naples, Fla., with $68.7 million
in assets and $63.4 million in deposits. American United Bank in
Lawrenceville, Ga., with $111 million in assets and $101 million in deposits
also failed. They boosted to 101 the number of bank failures so far this
year. 

3 AIG execs get bonus OK from pay czar
<http://money.cnn.com/2009/10/22/news/companies/aig_bonuses_feinberg/?postve
rsion=2009102218>  --Pay czar Kenneth Feinberg gave a special exception to
three AIG executives but strips away bonuses from many others. 23 Oct 2009
In the end, pay czar Kenneth Feinberg's hardest case was AIG. The troubled
insurer lobbied hard to let three of its executives keep their bonuses. AIG
told Feinberg that three executives, who were entitled to large retention
payments, were particularly critical to the company's long-term financial
success and should be able to keep their bonuses. 

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CLG Managing Editor: Lori Price. Copyright C 2009, Citizens For Legitimate
Government R All rights reserved.

 

 

 

 

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