Through last summer and winter, the news from the financial industry was doom and gloom as the management of each of the nation’s major financial institutions discovered a cheap way to rob the tax payer “claim distress and get bailed out”. Of course their stock values got savaged and some neophyte investors dumped as soon [...]

So far it seems like a trickle, between July 11 and August 22, US regulators have shuttered five banks, bringing the year’s total to nine. Columbian Bank and Trust Co. of Topeka, Kansas had $762 million in assets and $622 million in deposits according to the FDIC who also expect the recent failure to cost [...]

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