FDIC^3

If you read, listen, watch the mainstream media the unanimous decision is that the economy is improving and everything will be peachy-keen by Christmas. The story is completely different listening to conservative commentary which hammers on Obama’s economic policies regularly. In case you aren’t depressed enough listen to The Disciplined Investor podcast. Hold on to your wallet while you listen to it though. Yet more bad news came on July 2 when the FDIC closed seven banks on one day. The week before five banks were closed. The only thing that’s missing from fdic.gov is for it to be RSS enabled to publish the scandal that’s happening now.

Failed banks are closed weekly every Friday afternoon. For Kentucky, there is some consolation that no banks have failed yet.