9 More Banks Fail: Total for 2009 is Now 115

Mark Noonan

And still two months left to go:

10/31/2009-Federal regulators seized 9 banks, most of which were located in the Western US, bringing the total of 2009 failed banks to 115. The FDIC has reportedly closed down California National Bank of Los Angeles as well as eight other smaller banks as the weak economy continues to take its toll on regional banks.

But Obama is on the job…making up fake jobs and working ’round the clock to fool us in to thinking that everything’s swell!