Great Doubt For Benefits Of Stimulus Package
We had a bank go on Thursday and now we have a continuation of the Friday Night FDIC Financial Follies.Federal and state regulators closed two small Arizona banks Friday evening, but depositors won’t feel any pain.One of the biggest banks in Florida has been shut down by regulators and its assets sold to a rival in a move that underlines the continued frailty of the American banking and property sectors.Phoenix-based Community Bank of Arizona and Union Bank in Gilbert were shuttered, with deposits of both institutions purchased by Oklahoma-based MidFirst Bank...