FDIC reports second bank failure of 2008

[Roland99]

Source: MarketWatch

A second bank has failed this year, the Federal Deposit Insurance Corp. said Friday. The FDIC and the Commissioner of Missouri's Division of Finance closed Hume Bank in Hume, Mo., on Friday, the federal banking regulator announced.

It was the second bank to fail this year, the FDIC said. The first was Douglass National Bank in Kansas City, Mo., on Jan. 25.

The FDIC didn't give a reason for the failure.

Security Bank of Rich Hill, Mo., will assume Hume Bank's insured deposits. The failed bank's sole office will open Monday as a branch of Security Bank.

Read more: http://www.marketwatch.com/news/story/fdic-reports-second-bank-failure/story.aspx?guid=%7BB05A929A%2DE404%2D4CEF%2D830D%2D5864E8F591A4%7D

[HCE SuiGeneris]

1. A running tally....

http://www.fdic.gov/bank/individual/failed/banklist.html

[shain from kane]

2. I can't believe that bank was involved in the subprime market. There must be another reason for its

closing.

[bushmeister0]

3. How many banks have to fail before FDIC runs out of money?

[shain from kane]

5. 4.3

[CubicleGuy]

6. Doesn't matter

As long as the Fed has special ink and special paper, we can just keep printing up the bucks forever.

Well, until the paper and the ink are no longer affordable, that is.

[bushmeister0]

8. The less the paper is worth, the less the government owes!

[DemocratInSoCal]

4. It's Not A Big Deal & There's Nothing To Worry About

Not much to see here, move along please.

Stuff like this happens all the time.

The problems are contained, and the economy is in fine shape.

Things will be turning around in the second half of '08, so no need for concern.

:sarcasm:

[bushmeister0]

7. W. says everything is fine, too:

"The fundamental business of the country . . . is on a sound and prosperous basis."

Oh wait, that was Herbert Hoover.

[high density]

9. Far from LBN

Friday's news.

[Roland99]

10. oops...didn't notice that.

I saw it as a headline on the Marketwatch front page and ASSumed it was new.