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(Atlanta Journal Constitution) Fail Things aren't so peachy for two more Georgia banks   (blogs.ajc.com) divider line 12
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1154 clicks; posted to Business » on 22 Oct 2011 at 12:23 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



12 Comments   (+0 »)
   
 
ramblinwreck
2011-10-22 12:33:24 AM
What is with these Georgia banks? Why do FL and GA banks seem to be making headlines more than other banks in other states?
 
dustlesswalnut
2011-10-22 01:04:55 AM
ramblinwreck: What is with these Georgia banks? Why do FL and GA banks seem to be making headlines more than other banks in other states?

The banks went nuts lending money for housing development with money from outside investors rather than local depositors.

Link (new window)
 
Jacobin
2011-10-22 02:38:50 AM
More McMansions per square inch
 
Bschott007
2011-10-22 02:58:02 AM
Saw Decatur and thought of Decatur, MI.

/dated a gal from there
//found out she was crazy as hell
///don't read Fark while drunk
 
Notabunny
2011-10-22 03:31:44 AM
Meh. Wake me in a few weeks when BofA goes Chapter 11.
 
pjbreeze
2011-10-22 04:35:16 AM
83 banks have failed this year,
83 banks have failed.
Take one down
pass it around
84 banks will fail.
 
Unobtanium
2011-10-22 07:37:40 AM
Interesting. I was driving through Decatur the other day, saw the Decatur First Bank building. I remember their start-up years ago. When I saw the building, I remember idly wondering about their financial solvency.

There is a Fidelity Bank literally across the street, so that shake-out will be interesting.
 
blindy the pirate
2011-10-22 08:07:08 AM
dustlesswalnut: ramblinwreck: What is with these Georgia banks? Why do FL and GA banks seem to be making headlines more than other banks in other states?

The banks went nuts lending money for housing development with money from outside investors rather than local depositors.

Link (new window)

Thanks a lot by putting the real answer in the second post. Why do you hate Fark?
 
dustlesswalnut
2011-10-22 10:56:45 AM
blindy the pirate: dustlesswalnut: ramblinwreck: What is with these Georgia banks? Why do FL and GA banks seem to be making headlines more than other banks in other states?

The banks went nuts lending money for housing development with money from outside investors rather than local depositors.

Link (new window)

Thanks a lot by putting the real answer in the second post. Why do you hate Fark?

Ain't I a stinka?
 
omnibus_necanda_sunt [TotalFark]
2011-10-22 10:57:04 AM
The banks buttfark us so hard even the table is bleeding.

/No mercy!
 
jjorsett
2011-10-22 12:17:36 PM
No doubt Occupy Wall Street will be happy about this.
 
SoundOfOneHandWanking
2011-10-23 12:13:17 AM
useless article is useless.

It lists the assets and the deposits but not the liabilities. I guess they thought there would be no math.
 
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