Weekend Bank Closing, Both FDIC & the UK

Freedom Bank of Georgia, of Commerce, GA, which makes 17 banks so far this year..

Additionally, the UK has nationalized Loyds Bank, raising its stake in the bank to 65 to 77% of the troubled bank in exchange for guaranteeing 260 billion pounds of their toxic assets.

The British regulators are also mandating specific types and amounts of loans, so we are talking a very real level of state control.