The Appalling Hypocrisy Of The Republican Party Exposed In Three Simple Charts

To listen to Congressional Republicans tell it, you'd think the US's colossal budget and debt problem was caused by one simple thing: The Democrats.

And although the Republicans do deserve significant credit for finally focusing the country and Washington on the magnitude of the problem--really--their hypocrisy on this issue is almost unbearable.

Read more: http://www.businessinsider.com/republican-budget-hypocrisy-2011-7#ixzz1TJU5vVB2

Nevada's Security Savings is 16th bank to fail in 2009

SAN FRANCISCO (MarketWatch) -- Henderson, Nev.-based Security Savings Bank was closed by regulators Friday, marking the 16th bank failure of 2009. The Federal Deposit Insurance Corporation said the failed bank's deposits have been assumed by Las Vegas-based Bank of Nevada. Security Savings Bank had $238.3 million in total assets and $175.2 million in deposits as of Dec. 31, the FDIC said.

Temecula bank agrees to FDIC cease-and-desist order

State and federal banking regulators are putting some heavy restrictions on Temecula Valley Bank so it won't slide into financial ruin.

On Wednesday, Temecula Valley Bancorp - the parent of the bank - said the bank agreed to a cease-and-desist order issued by the Federal Deposit Insurance Corp. and California Department of Financial Institutions, which mandates the bank abide by numerous management and lending rules.

FDIC orders Imperial bank to return to sound practices

Imperial Capital Bank has agreed to take steps to improve its operations under a cease-and-desist order from banking regulators.

The San Diego-based bank, which lost $32.6 million last year, is the third local financial institution this year to be hit with an order from the Federal Deposit Insurance Corp. to return to sound banking practices. Others are Discovery Bank of San Marcos and Temecula Valley Bank.

FDIC acts against Westbridge Bank in Chesterfield

The Federal Deposit Insurance Corp. has ordered Westbridge Bank & Trust stop unsafe practices, improve its management and raise its capital.

The government regulator issued "cease and desist" order against the bank, accusing the bank of "unsafe and unsound" practices. Such orders are issued when regulators find serious problems at a bank.

Central Progressive Bank admonished again by FDIC

Central Progressive Bank of Lacombe has received a second admonition from the Federal Deposit Insurance Corp.

The agency issued a cease-and-desist order in January asking the bank to curtail "unsafe or unsound" banking practices and to perform a variety of tasks, such as reorganizing bank management and drafting new budgets and profit plans.

FDIC hits 2 Minnesota banks with cease-and-desist orders

The Federal Deposit Insurance Corp. has issued cease-and-desist orders against two Minnesota banks for engaging in "unsafe or unsound business practices."

The federal agency, which insures the nation's bank deposits, cited both Horizon Bank of Pine City and Paragon Bank of Wells for operating with inadequate capital and failing to set aside adequate allowances for possible loan losses, according to separate cease-and-desist orders filed in January but made public today.