Saturday, September 6, 2008

Silver State shutters

Silver State Bank in Las Vegas is shuttered, six weeks after John McCain's son, who sat on the audit committee resigned for personal reasons.

Personal reasons?

We knew that was bogus at that time. Take a look at this link and the "Safe & Sound" rating of Silver State Bank when he resigned.

The bank "only" had 37.5% non-performing assets!

Knock another 1/2 billion off of the FDIC fund!


Anonymous said...

How do you come up with a
$500,000,000.00 loss for

palmoni said...

"The FDIC estimated its resolution will cost the deposit insurance fund between $450 million and $550 million."

palmoni said...