StimPack Clears Congress; More Banks on the Brink

Score one for the new Prez! President Obama's much anticipated, much maligned stimulus package just cleared the U.S. Congress. Both houses. W00t!

Now, to that pesky business of selling all those T-Notes...hmmmmm....
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In the meantime, even moar banks failed.
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Attn Park Avenue Bank, New York Customers:

The FDIC and the State of New York just issued a cease-and-desist order against your bank. As in, cease-and-desist "violations of Federal laws and regulations and other deficiencies discovered during a joint examination conducted by the Banking Department and the FDIC."
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