Regulators shut down five more banks last Friday including the Bank of Leeton in Leeton MO. At the time, it held over $20M in assets and $20M in deposits.
Florida, New Mejico, Oregon, and Washington combined to create a total of five. 
AP, "The federal regulators used a novel procedure for Premier American Bank, employing the first so-called "shelf charter" to give preliminary approval to a group of investors to obtain a national bank charter before acquiring a specific troubled institution. The shelf charter was inactive until the acquisition was made. A new bank with a national charter was set up, to be called Premier American Bank N.A., to assume the deposits and assets of the failed bank. The investment firm Bond Street Holdings LLC got preliminary approval with a shelf charter on Oct. 23, and final approval was granted (ABC) Friday by the U.S. Office of the Comptroller of the Currency, which regulates national banks. Also, the FDIC and the new bank agreed to share losses on $300 million of Premier American's loans and other assets." In the stock market, hundreds of millions have been destroyed by Obama's abusive threats. The same result has occurred in both insurance and banking. Change, what people are receiving in return for their investments.
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