2 more Illinois banks fail

Maybe a 50% income tax rate hike from everyone's paycheck will help right the Illinois fiscal ship.

Disgruntled Obama Voter wrote:

Good job Obama. Keep up the good work. The economy is really strong now that you have implemented your stimulus.
Barry Hussein said unemployment would peak at 8.5%. It's now at 9.5% and will be passing 10% soon on it's way to 15%. This is just the beginning. Wait until the higher taxes kick in soon. It's going to get a lot worse. Fasten your seat belts.

Wait until we go into hyper-inflation. Anyone paying attention to the commodities market? Proof enough.

6 in illinois is the count so far, see calculatedriskblog.com for accurate bank failure friday(BFF) info

(snip) FDIC Press Release

The six failed Illinois banks are all controlled by one family and followed a similar business model that created concentrated exposure in each institution. The failure of these banks resulted primarily from losses related to the banks' investment in collateralized debt obligations and other loan losses.

Dems too crazy wrote:

<quoted text>Wait until we go into hyper-inflation. Anyone paying attention to the commodities market? Proof enough.

Another idiot speaks! How in the hell can you have inflation, when we have spiralling deflation? You people need to start reading books, stop listening to YOUR brother-in-law, and Rush! Mr. Market does what he feels like on a daily basis "read Benjamin Graham"! Although I respect the news organization at WBBM-AM, I am appalled at the "Noon Business report"! They interview, "experts" (sic) about the economy. These cheerleaders, at best guess about the state of the economy and try to steer the stupid into investing into stocks or ventures that the parties have a vested monetary interest! This is a disservice to the community and the listening audience! The entertainers of the show may feel different, but the perception is true!

Jim wrote:

<quoted text>You Dil Doe, This started before Obama was in office. Your knowledge and judgement is severely lacking! PAY ATTENTION! Read the newspapers. Get your GED. and read between the lines!

It was also starting to turn around before Obama took the oath.

The Banks have been looted by the Developers, Mortgage Brokers, Lawyers and Title Companies. Doom!

If you are going to blame BO or GB for everything could you at least justify and explain why? Back it up.

I blame those out there who took advantage of a system where people don't know when to quit. Spending more than you earn is stupid. The reason Illinois and other states are in this fiscal mess, is that the money dried up and instead of cutting costs they still want to raise our income taxes to those who still have a job. People have got to start doing more with less. There has to be line drawn. People out there have lost their jobs. Some have to work with a pay cut or take jobs to just survive. The state will need to just survive with less. Threatening people about doomsday is just appalling.

Disgruntled Obama Voter wrote:

Good job Obama. Keep up the good work. The economy is really strong now that you have implemented your stimulus.
Barry Hussein said unemployment would peak at 8.5%. It's now at 9.5% and will be passing 10% soon on it's way to 15%. This is just the beginning. Wait until the higher taxes kick in soon. It's going to get a lot worse. Fasten your seat belts.

You're a liar. You never voted for Obama. You're also commenting as "Dems too crazy" and with that idiotic statement saying the economy was back on track before Obama got sworn in shows that you're the crazy one. A nut case and a liar. Nicely done!

Surprised that Corus Bank isn't on that list as well. Still managing to dodge the FDIC's 'Grim Reaper' so far!
Anyone know what shape they're in these days?

((Ps. This article's formatting SUX, too. The Trib must have let go too many copy editors !)

Jim wrote:

<quoted text>You Dil Doe, This started before Obama was in office. Your knowledge and judgement is severely lacking! PAY ATTENTION! Read the newspapers. Get your GED. and read between the lines!

Obama has been in office for almost six months. It's his baby now. How long would you like to keep blaming Bush for everything? All four years of the Obama administration?

It's Democrats Obama, Pelosi, and Reid who are headed for quadrupling the national debt with their reckless spending.

You should remember that the economy and employment were just fine for the first seven years of the Bush administration. In fact, unemployment ranged between 4.5% and 6.5% for almost all of Bush's years, virtually the same as during the Clinton years.

Have you forgotten that it was a DEMOCRATIC-controlled U.S. House and Senate in power between 2006 and 2008, writing the budgets, passing spending bills, and overseeing agencies, banks, Freddie/Fannie. Coincidence? Unrelated to the economy slide? I don't think so.

Dems too crazy wrote:

<quoted text>It was also starting to turn around before Obama took the oath.

Are you off your meds? Turning around where? Many of the top financial people were already stating the middle of 2010 before any real improvement would be seen. The loss in jobs was just really starting. The full extent of what banks had done was not yet fully known. Whatever you think of present administration policies, what you said was one of the dumber things I have heard in quite awhile.

Jim wrote:

<quoted text>Another idiot speaks! How in the hell can you have inflation, when we have spiralling deflation? You people need to start reading books, stop listening to YOUR brother-in-law, and Rush! Mr. Market does what he feels like on a daily basis "read Benjamin Graham"! Although I respect the news organization at WBBM-AM, I am appalled at the "Noon Business report"! They interview, "experts" (sic) about the economy. These cheerleaders, at best guess about the state of the economy and try to steer the stupid into investing into stocks or ventures that the parties have a vested monetary interest! This is a disservice to the community and the listening audience! The entertainers of the show may feel different, but the perception is true!

Hyper-infation will come from our enormous borrowing and/or printing money to pay for the wild spending. Read an economics (or history) book some time.

but the olympics will save us all!

john dillinger at it again...

Love how everyone plays the "its not his fault card".
When does the economy become his????
6 MORE months, 2 years..........

Don't you fooking idjots know how to use paragraph breaks?

Or is your daddy an optometrist, azzhole!

Susie wrote:

If you are going to blame BO or GB for everything could you at least justify and explain why? Back it up.
I blame those out there who took advantage of a system where people don't know when to quit. Spending more than you earn is stupid. The reason Illinois and other states are in this fiscal mess, is that the money dried up and instead of cutting costs they still want to raise our income taxes to those who still have a job. People have got to start doing more with less. There has to be line drawn. People out there have lost their jobs. Some have to work with a pay cut or take jobs to just survive. The state will need to just survive with less. Threatening people about doomsday is just appalling.

The reason Illinois is failing is because one, Chicago is a haven city and two we have the largest concentration of blacks at 24% in the country and the largest population of Poles out side of Poland in the world. Most are illegals. We need doomsday to put some prospective back into the state. When Wisconsin decided to take on welfare reform, Illinois got all the bums that didn't want to work and lift themselves up and now we are saddled with the welfare keepers of the flame.

oh really wrote:

<quoted text>
Hyper-infation will come from our enormous borrowing and/or printing money to pay for the wild spending. Read an economics (or history) book some time.

you must be an idiot also, I think that is what he said to me. He must think we can print money for ever, China will eventually cut us off for not paying and then what? we are screwed.(more than we are now). I do not think they teach basic econimics in schools anymore.

paragraphs in the article would have been nice instead of that abomination that the Trib calls an article