US Bank no. 20 has filed for bankruptcy

[Italkcash Newsfeed]

This time it was The Community Bank in Georgia. 20 banks this year alone is more than the total amount the last 5 years. This is now hard for FDIC to keep up the guarantees. FDIC estimate that in 5 years when all the bankruptcies has been processed the total losses will be more than 40 billlion US$.

The Doc