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Macon's Security Bank shuttered

Posted by
Walter Geiger
in News
Friday, July 24. 2009
Comments (11)
Security Bank of Macon, the state's fourth largest lender, was shuttered today by federal authorities. The bank operated 20 branches in middle and north Georgia but bad real estate loans took it down.

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#1 Pravin on 07/24/09 at 08:27 PM
Failed banks total zoom to 64.

FDIC till now closed 1 bank in New York and 6 bank subsidiaries of Security Bank Corporation in Georgia.

Check all the failed banks at
http://portalseven.com/Failed-Banks-2009

So now in Georgia we have 16 bank failures this year and 21 since 2008.
Check details and map of all the failed banks in Georgia at
http://portalseven.com/finance/Failed_Banks_State_Wise.jsp?state=GA


And Waterford Village Bank becomes the FIRST bank from New York to be closed by FDIC.
http://portalseven.com/finance/Failed_Banks_State_Wise.jsp?state=NY
#2 It's Me on 07/24/09 at 08:36 PM
OUCH!!!
#3 Sheila Tolley on 07/24/09 at 11:50 PM
Hello China....this is barack...can I borrow some more money?
#3.1 Anonymous on 07/25/09 at 08:13 PM
Did you understand the bad real estate loans part? Of course YOU didn't.
#4 Anonymous on 07/25/09 at 05:56 PM
This stuff all started with a Republican and his bill he pushed. Look up Phil Gramm.

It has nothing to do with China, that Republicans and Democrats alike pushed through as a trade partner.

I suggest you watch for the documentary program "House of Cards" to see what really is killing the banks. It is the direct result of deregulation.

Read this:
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877330,00.html

Bashing Obama is fashionable in this area, but let's be honest. He had nothing to do with the bank failures and neither has China. It was mostly deregulation that caused this mess. Gramm originally came from Georgia.
#5 Redd Neck on 07/25/09 at 10:52 PM
Oh yeah! And you're just another brainwashed idiot.
#5.1 Anonymous on 07/26/09 at 11:15 AM
Very intelligent.
#5.1.1 Redd Neck on 07/26/09 at 03:32 PM
Back at ya!
#5.1.1.1 Anonymous on 07/26/09 at 06:56 PM
We are in the mess we are in because of idiots who can't connect the dots. The bank failures are a direct result of deregulation of the banking industry several years ago. The stock market failed for the same reason, deregulation of that system.
#6 PEARL ~^~NECKLACE~^~ on 07/30/09 at 12:09 AM
Where is obammy when we need him?? Oh there he goes fling over in the Z-force again headed towards another country on vacation.........Wonder if he is only taking the Americans for a ride for their money??

What do you guys and gals think??
#6.1 Anonymous on 08/02/09 at 08:00 PM
Maybe he should start a war with the wrong country and take a month long vacation on his ranch, Pearl
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