FDIC Friday : 6 banks down

Here are the banks :
Hamilton State Bank, Hoschton, Georgia

Cost :

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $69.5 million.

Citizens South Bank, Gastonia, North Carolina

Cost :

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $30.9 million.

Alostar Bank of Commerce, Birmingham, Alabama

Cost :

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $175.4 million.

Superior Bank, N.A., Birmingham, Alabama

Cost :

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $259.6 million.

Central Bank, Stillwater, Minnesota

Cost :

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.6 million.

Trustmark National Bank, Jackson, Mississippi

Cost :

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $49.1 million.

Total cost to the FDIC : 588.1 million $... I hope you saved about 2$ for each of your family members this week to pay the FDIC!

It's yet another letter added to the writing on the wall.

Why people can't see what's coming down the pike is beyond me

Failed bank Fridays are back?!

Yay! Yet another reason to have confidence in the ponz....ahem...banking system.