Are US Banks Failing??

[NY Patriot]

Federal Reserve Chairman Ben Bernanke, testifying before Congress, said that while the large U.S. banks will likely recover from the recent credit crisis, other banks are at risk of failing. Three small U.S. banks have already failed since the summer, when the lending industry started losing billions of dollars as mortgage defaults soared.

 

With the US off the gold standard, withdrawing your money from banks does absolutely no good as the dollar continues to become worthless in the world economy anyway.

 

Thank You King George!