9 More Banks Absorbed In Financial Takeover Of America; 115 For Year

9 more U.S. banks seized; largest one-day

LOS ANGELES (Reuters) - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.
The move brought the total number of failed banks in 2009 to 115 -- their highest annual level since 1992 -- with analysts expecting more to come. Among the lenders seized Friday was Los Angeles-based California National Bank, in what was the fourth-largest U.S. bank failure this year.

U.S. Bancorp on Friday acquired the nine banks that had been held by FBOP Corp, picking up $18.4 billion in assets and $15.4 billion of deposits.

"This transaction adds scale to our current California, Illinois and Arizona footprints."

More lenders are expected to go under this year as the industry tries to get a handle on commercial real estate loans that will continue to worsen, as more strip malls go vacant and residential developments stall.
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re: 'adds scale to our...footprints'

The Big Fish keeps eating all the little fish...and do not for a minute think that these things are just happening by chance, no, no, not at all, for there is a definite method to the madness...which is this [posted 14 months ago]:

America: They're Shutting It Down 8-5-08 "The time is fast approaching, and is even now begun, for the drastic steps that must be taken to accomplish the transformation of this country and the subjection of it's people to their global kingdom which might rightly be called the 'New Tower of Babel'. It was only a few months back when the call for a 'banking-new-world-order' was sounded, and the program is about to explode apparently. That program is one of 'consolidation' of everything financial, to be brought into the coffers of the 'kingdom'."

A little more than a year later, victory was already being declared:

The New World Order Is Here...In Only a Year 9-9-09 " The financial world as we knew it is over, and something new is rising from its ashes."

Something new?...like a global dictatorship? Matter of fact, that is exactly what it is. Only thing left to do now is to finish with the 'financial eugenics' and then get all the people under their thumbs permanently. Does a global-pandemic fit the bill here?

Nothing is going to 'get better', this game is being played 'for keeps'. The harsh reality is that this world is on the fast track to judgment. As you are hopefully waiting for the Lord, find refuge in the Word of God -KJV, Christian. There is no other place. Not a Christian? - see: The cross: the ONLY WAY out of this world alive...
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Hosea 12:7 'He is a merchant, the balances of deceit are in his hand: he loveth to oppress'