Ninth U.S. Fed-insured bank fails, US-military economy fails like ancient soviet union?
International US-Sub-prime mortgage scam gounds banks and world economies. No compensation plan offered, why did we pay for junk rated AAA ?
Ninth US Fed insured bank fails. No action from US. To reinstall investors confidence may need 5 to 10 years. No one will finance home based hedge fund back-up scams. The military-industrial US economy reaches first time 50 % of the world military expenses with only 300 million US citizens paying for it. More money for military, less money for healthcare, for people.
Does the US run willingly into a economic disaster featuring the grand chessboard: American Primacy and it's geostrategic Imperatives in Europe. The Russians went out of
business with this military industry. Can America afford to copy old soviet union economy? Are Americans aware that the world has moved to India, China, Brazil, Africa during the 5 years Irak war; longer lasting than the second world war. America needs a new production covered economy, mil-expenses must be reduced to 1/3, by ending wars. For sure it is to avoid that Europe follows the final countdown of US recession economy. The present generation with lost creative potential can not repeat a silicon valley success.
WASHINGTON (AP) -- Federal regulators are shutting down a Kansas bank Columbian Bank and Trust Company.
The Federal Deposit Insurance Corp. on Friday was appointed receiver of Columbian Bank of Topeka, Kansas, which had $752 million in assets and $622 million in deposits as of June 30.
The FDIC said the bank's deposits will be assumed by Citizens Bank and Trust of Chillicothe, Missouri. Its nine offices will reopen Monday as branches of Citizens Bank. Depositors of Columbian Bank will continue to have full access to their deposits, the agency said.It was the ninth failure this year of an FDIC-insured bank