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Banks will commence taking over mortgage defaults until they own many properties, helping to add to depression. There will be plenty of money in the banks, but none to lend out.

John Jordan's List #39

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We should all be watching the "writing on the wall".  But what does that mean when it comes to the Relief Mine and the financial collapse that is coming?  How about reports of failed banks?  The links below will help get you caught up to speed on just how many banks have "quietly" failed in recent months.

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# Web Link Hits
1   Link   Bank Implode O Meter
The "imploded" list contains banks which have gone through some sort of permanent adverse change. This of course includes regulator-declared "failures" and conservatorships/receiverships, as well as private sector events such as "fire sale" buyouts. While the financial entity may continue to operate, we post them here if they would not otherwise continue without some sort of "rescue". We focus on "implosions" since 2006.
2   Link   FDIC: Failed Bank Information
Here is an official list put out by the FDIC on banks that have recently failed. Wouldn't it be nice if they also posted the other 90 banks that are currently on their watch list? No, that would create panic.
3   Link   U.S. National Debt Clock
Watch how quickly debt is accruing and bailouts are given by the government. Absolutely shocking!

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