8/15/09

666 Financial Consolidation of U.S. Takes Giant Step: 6th Largest Bank Failure In History 8-14-09

Colonial Bank is 6th largest failure in history

Colonial Bank looks set to become the sixth largest bank failure in corporate history after a federal judge ordered a freeze of its assets Friday.

The Montgomery, Alabama bank, has 355 branches throughout Florida, Alabama, Georgia, Nevada, and Texas, and has about $25 billion in assets.
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More on the story from another article here:
The FDIC has approved the sale of Colonial's $20 billion in deposits and about $22 billion of its assets to BB&T Corp.
Regulators also closed four other banks: Community Bank of Arizona, based in Phoenix; Union Bank, based in Gilbert, Ariz.; Community Bank of Nevada, based in Las Vegas; and Dwelling House Savings and Loan Association, located in Pittsburgh.

The closures boosted to 77 the number of federally insured banks that have failed in 2009.
The 77 bank failures nationwide this year compare with 25 last year and three in 2007.
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re: 'FDIC has approved the sale'
The sale has been approved....surprise, surprise.
Consolidation of all things financial into the hands of the would-be 'masters of the universe' (see: x-men) is the ultimate objective of the pre-planned destruction of the global economy now underway. It is on...and as seen here, the NWO Beast has just taken a huge consolidating bite out of the soon to be non-existent U.S. independent banking system.
In addition to the "sixth largest bank failure in corporate history", regulators closed four other banks this week, bringing the grand total to 77 for the year. All into the belly of the Beast.
As the carefully orchestrated Big Brother bank absorption program continues (e.g. see: Toxic Loans May Push 150 Banks to Point of No Return 8-14-09), the options for consumers will diminish, until eventually there is only one option left: The quietly morphing 'Superbank' of 666.
You are watching biblical prophecy unfold before your eyes. Do you believe it?
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compare: 'Superbanks' to Dominate Globe/People 11-6-08 "Several of the nation's biggest banks have failed or been absorbed by healthier institutions, leaving three giant "superbanks" with an unprecedented concentration of market power: Bank of America, JPMorgan Chase and Wells Fargo."
also: U.S. Going Bankrupt? 9-13-08
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John 9:35 'Dost thou believe on the Son of God?'

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