The Federal Deposit Insurance Corp. has seized two San Francisco banks in recent weeks and federal regulators have four other Bay Area banks under scrutiny, as the region loses what had been its relative immunity from an epidemic of failures. Anderson said his firm has a ranking system that considers 29 out of California's 297 banks in danger of failure over the next year. Statewide 14 banks have been closed so far this year. |
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.