It was reported by CNN Money that this Friday, January 29th, 6 banks failed. That brings it to a whopping total of 15 the amount of banks that have failed in the first month of 2010! Could it be poor decision making by these banks? Hmmm....
Well, try and look at how this can affect you as a consumer and one way it will definitely affect you is the fact that we are not out of the woods yet in this financial crisis, but it is not all bad news. Get your finances in order and get ready to take advantage of some amazing real estate deals this year and maybe in the next couple of years as opportunity is knocking.
While this is astonishing news, it really is not news but more of a formality. Until banks get their act together and start making logical decisions, we will see more of this type of news in 2010.
So lick your chops everyone, blunders on one end equal opportunities on the other end.
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