The Feds close three banks on Friday bring the number of banks to 123. The three banks 2 in southwest Florida and one in southern California. Orion Bank in Naples was shuttered by the regulators with$2.7 billion in assets and $2.1 deposits. Orion has 26 branches in south and southwest Florida.
The second bank closed on Friday was Century Bank of Florida based in Sarasota. Century had $728 million in assets and $635 million in deposits. Century’s 11 branches will reopen on Saturday.
Both banks was sold to Iberia Bank of Lafayette,LA
The third bank is Pacific Coast National Bank in San Clemente,CA. It had$134.4 million in assets and $130 million in deposits. It was taken over by Sunwest Bank of Tustin, Ca. Pacific Coast National branches in San Clemente and Encintas will become Sunwest Bank branches.
AP via Yahoo Finance News
The Canadian Press via Yahoo Canada News
Categories: economy · finance
US Attorney General Eric Holder made good on his (President Obama’s) promise to bring the 9/11 co-conspirators to trial in New York. In a press conference at the Justice Department in Washington,D.C. Holder is bring Kalid Sheikh Mohammed and four other for trial. The trial will take place at Federal Court House in Lower Manhattan near the site of the World Trade Center.
Holder said the cases are strong and harsh interrogation techniques will not harm the case.
“I am confident in the ability of our courts to provide these defendants a fair trial, just as they have for over 200 years,” Holder told reporters. “I am quite confident that the outcomes in these cases will be successful ones.”
The move hail civil libertarians as the right thing to do. The event happened on American soil. And a fair trial is guaranteed.
“Bringing these men to justice in a legitimate system will allow the world to focus at long last on the atrocities they are accused of committing against us, rather than on how we have treated them,” said Tom Malinowski of Human Rights Watch.
However, Republicans were not amused, they fear New York would be a target of more terrorist attacks. Senator and former Presidential Nominee John Mc Cain was upset with the Attorney General actions and he believed a military tribunal was appropriate.
“They are war criminals, who committed acts of war against our citizens and those of dozens of other nations,” he said.
Some New Yorkers were angry with decision of bring the terrorist to the city while others believe justice will be done.
The Attorney General will seek the death penalty for each defendant.
AP via Yahoo News
Categories: Crime · Military/Warfare · Nanny State · Politics · terrorism
