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Four More U.S. Banks Are Shut, Bringing Total for Year to 13

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Feb. 14 (Bloomberg) -- Banks in Florida, Illinois, Nebraska and Oregon were shut by state regulators, boosting the toll of failed institutions to 13, as a worsening economy and slumping housing market pushes home foreclosures to records.


Added on: Tue Feb 17, 2009 11:44 am by : RupertWBradson
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Okay, so good news for the victims of economic crisis. However, the crisis has started affecting the other businesses too. Many establish shops are going out of business owing to it.

We now only have to watch patiently whether or not Obama's rescue plan would actually pull the country's economy out of this troubled water.


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