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.
http://online.wsj.com/article/SB122066426856206115.html?mod=hps_us_whats_news
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.
http://aaronandmoses.blogspot.com/2008/07/give-fdic-bazooka.html
The bank "only" had 37.5% non-performing assets!
Knock another 1/2 billion off of the FDIC fund!
How do you come up with a
ReplyDelete$500,000,000.00 loss for
FDIC?
"The FDIC estimated its resolution will cost the deposit insurance fund between $450 million and $550 million."
ReplyDeletehttp://ap.google.com/article/ALeqM5iQaj3ur8E-vK6EWbnQEb9KisbsTwD9311BV00
http://ap.google.com/article/
ReplyDeleteALeqM5iQaj3ur8E-vK6EWbnQEb9K
isbsTwD9311BV00