Another bank bites the dust .. so we're still rollin downhill like a snowball headed for hell. Doesn't surprise me. Shouldn't surprise anyone who's been following Ron Paul for the last few years. I quit worrying a while back .. there's more to come because of our own complacency and silence. Nothing's stopping the wolves from destroying this country from with.
By Catherine Clifford, CNNMoney.com staff writer
Last Updated: September 19, 2008: 8:48 PM EDTT
NEW YORK (CNNMoney.com) -- Ameribank Inc. was shut down on Friday by the Office of the Thrift Supervision, making it the 12th bank this year to go under.
The Northfork, West Virginia bank had total assets of $115 million and total deposits of $102 million, according to a statement on the Federal Deposit Insurance Corporation Web site.
The FDIC was named receiver and announced that it entered into purchase and assumption agreements with Pioneer Community Bank, Inc., Iaeger, West Virginia, and the Citizens Savings Bank, Martins Ferry, Ohio, to take over all of Ameribank's deposits.
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He's not saving anyone... he's just making matters much worse and bringing the next depression all that much sooner.
