FDIC shutters Silver State Bank of Nevada

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posted on Sep, 5 2008 @ 09:44 PM

Another bank fails.

Here is the kicker:

John McCain's son, well, he just happens to have been on the board. However, he stepped down recently for ......

"Personal Reasons" ..

Probably something to do with the son of a candidate who is supposed to fix the economy gets caught with his pants down and his bank gets shut down by federal regulators. I am sure daddy would take it personally anyways..

The Federal Deposit Insurance Corp. was appointed receiver of the bank, located in Henderson, Nev. It had $2 billion in assets and $1.7 billion in deposits as of June 30.

Makes you wonder really, how safe is YOUR bank? Doesn't matter, they don't want you to know..

Mr. McCain is happy it did not make front page news though.

posted on Sep, 6 2008 @ 05:31 AM
Bank Failures should be reported to the Bank Watch Megathread (created to keep them in one place for discussion) to avoid duplicate discussion.



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