Hi All,

Well, it looks like the economy isn’t out of the woods yet. The Federal Deposit Insurance Corporation is announcing that three more banks have failed. This time its:

Southern Community Bank, Fayetteville, Georgia

Cooperative Bank, Wilmington, North Carolina

First National Bank of Anthony, Anthony, Kansas

Personally, I’m looking forward to the recovery. It will be nice when this steady stream of bank failures start to wind down as I’m starting to lose track. It’s an unfortunate activity that reminds you we simply are not the “prosperous” society we once were.

The gory details are here.

Best,

James

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