Sunday, September 6, 2009
Bankrupt Banks
This year we are having many bank failures. In fact, the tally is up on 89 banks that we closed by the regulators. However, we have a new problem. FDIC is running out of money. Well, you see, we only had three banks close in 2007 and this year I predicted over 100 would close. Debunkers ridiculed me, but now they claim that it was so obvious that banks would close. Hey, guess what, banks closing is a sign of a depression.
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