Banks Still Closing and Unemployment is Rising – Who says this Recession is over? | Financial Investment Services

• US Banks continue to close their doors and no buyers are in sight for these and other failing banking institutions.  As of today’s date, no less than 89 banks have been forced to close their doors so far this year and that number continues to rising monthly.  Now if we add the 25 bank closures from last year, and  include rising unemployment figures it would appear these recessionary times will be with us for some time yet.  (more)

 

Doug T…..The mutual fund guy

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Author:
DougT
Time:
Thursday, September 10th, 2009 at 8:03 am
Category:
Finance & Funds
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