{"id":169,"date":"2011-02-04T19:10:34","date_gmt":"2011-02-05T00:10:34","guid":{"rendered":"http:\/\/www.billdawers.com\/?p=169"},"modified":"2011-02-04T19:10:34","modified_gmt":"2011-02-05T00:10:34","slug":"more-georgia-bank-failures-its-getting-a-little-embarrassing","status":"publish","type":"post","link":"http:\/\/www.billdawers.com\/2011\/02\/04\/more-georgia-bank-failures-its-getting-a-little-embarrassing\/","title":{"rendered":"More Georgia bank failures &#8212; it&#8217;s getting a little embarrassing"},"content":{"rendered":"<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"1\" style=\"float: left; margin: 10px 10px 10px 0;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"ca-pub-5595881567027133\";\r\n\/* Medium Rectangle *\/\r\ngoogle_ad_slot = \"8584504377\";\r\ngoogle_ad_width = 300;\r\ngoogle_ad_height = 250;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n<p>I&#8217;ve previously written about the grim statistics regarding failed banks in Georgia. See <a href=\"http:\/\/www.billdawers.com\/2011\/01\/30\/some-background-on-the-banking-crisis-in-georgia\/\">Some background on the banking crisis in Georgia<\/a>. We led the country (we&#8217;re number 1!) in failures from 2008 to 2010. <\/p>\n<p>As of 7 p.m. this evening, February 4th, the FDIC has shut down 14 banks nationwide in 2011. Four are in Georgia, including two today. The latest additions to the <a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/banklist.html\">FDIC failed bank list<\/a> are North Georgia Bank in Watkinsville, east of Atlanta, and American Trust Bank in Roswell, north of Atlanta. The two banks combined will cost the FDIC&#8217;s Deposit Insurance Fund about $106 million.<\/p>\n<p>Maybe a relentless series of bank failures during the current state legislative session will force a few lawmakers to start asking tough questions about policy or personnel failures that made Georgia ground zero for the current banking crisis.<\/p>\n<p>Even if real estate values stabilize or rebound, and even if employment picks up, we should expect several dozen more Georgia banks to fail in the next two years.  <\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve previously written about the grim statistics regarding failed banks in Georgia. See Some background on the banking crisis in Georgia. We led the country (we&#8217;re number 1!) in failures from 2008 to 2010. As of 7 p.m. this evening,&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.billdawers.com\/2011\/02\/04\/more-georgia-bank-failures-its-getting-a-little-embarrassing\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[33],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1gN9R-2J","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/169"}],"collection":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/comments?post=169"}],"version-history":[{"count":0,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/169\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media?parent=169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/categories?post=169"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/tags?post=169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}