27 July 2008

2 more US banks close Friday, 25 July 2008

This past Friday, 25 July 2008, two more US banks were closed by the Office of the Comptroller of the Currency (OCC). The Federal Deposit Insurance Corporation (FDIC) was named Receiver.

Corporate news sources (beware the veil of propaganda):
CNN, "U.S. regulators take over two banks"
New York Times, "F.D.I.C. Takes Over 2 Banks"
USA Today, "Regulators take over two banks in Nevada, Calif."

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