On Friday March 5, 2010, regulators took over three more banks to bring the number to 25 for the year.  At this rate we are on track to exceed the 2009 total of 140 bank failures.  It hasn’t been this bad since the S&L crisis of the early 1990s.

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The White House announced today that the unemployment rate climbed to 10%. Hey, Washington, I got news for you it’s more like 20%. If you count all the people who no longer qualify for unemployment benefits and the under-employed you’re double the 10%.

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