9.19.2008

Bank Failure Friday

Another one bites the dust. Ameribank of Norfolk, West Virginia fails, but the news doesn't seem significant any more. With Henry Paulson throwing the taxpayer under the bus of hundreds of billions, if not trillions, of bad loans, what difference does the failure of a tiny bank in West Virginia make?

Too bad the CEO wasn't a Paulson Pal and didn't donate to Chris Dodd or Barney Frank. Paulson could have bought Ameribank's bad assets with loose change. Instead, he's selling your children into debt to bail out Wall Street.

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