US BANK BODY COUNT - DOWN THREE MORE!

Here is a post from Liberty Maven that I just received.

Liberty Maven has posted a new item, 'FDIC Gives Alpha Bank the Axe!'

"When the people find that they can vote themselves money, that will herald the
end of the republic." - Ben Franklin. Is everyone prepared for Guy Fawkes Day
and Halloween?

by Jake, the Champion of the Constitution
Originally published October 27, 2008 at
http://www.nolanchart.com/article5301.html


Although in my estimation the bailout saved GMAC's lending arm, I was correct
in this article's prediction ("WaMu Gets the FDIC WHAM-O!") that there have
only been a few minor bank failures in the last few weeks.  I expect a drought
of closures with a possible drizzle (one or at most two minor banks) until
November 4th, after that, regardless of the bailout expect a steady drizzle and
possible downpour (few more major banks and a bunch of smaller ones to kick the
bucket) before we close 2008.

With the addition of the three banks below, the Bank Body Count (BBC) for 2008
now stands at 16:

Alpha Bank and Trust, Alpharetta, Georgia ($354 million in assets, ~$3 million
in uninsured deposits, ~$158 million cost to the FDIC)  Date of Demise:
10/24/2008
Meridian Bank, Eldred, Illinois ($39 million in assets, ~$14 million cost to
the FDIC) Date of Demise: 10/10/2008
Main Street Bank, Northville, Michigan ($98 million in assets, ~$36 million
cost to the FDIC) Date of Demise: 10/10/2008

Again, HAVE YOU PROTECTED YOURSELF?

First understand the FDIC and the nature of the banking system. Here's the
fastest lesson I can manage. Try my other writings or just search the net for
more information.

You may view the latest post at
http://libertymaven.com/2008/10/27/fdic-gives-alpha-bank-the-axe/2798/

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Best regards,
Jake4Constitution
forchrissakesbreakthematrix@gmail.com