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Too Big To Fail

Here is the latest on the Banking "too big to fail" front:

Another handful of banks have taken the Friday powder, bringing the total number of 2009 failures to 77. Among the dead was the largest bank to go under this year. The Federal Deposit Insurance Corp. reports that Colonial BancGroup Inc. of Montgomery, Alabama has been liquidated, dying with about $25 billion in assets.  (Reason On-line 8/15/2009)

You can read more about this at Reason on-line.  In short,  the biggest banks are beyond the scope of even our bloated government's largesse.

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