In other failing bank news...
Silver State Bank in Nevada was shuttered today by the feds. It's the 11th bank shut down this year. After the news of the impending Federal bailout of Fannie Mae and Freddie Mac, the $2 billion dollar shutdown of Silver State would seem like peanuts and hardly worth mentioning were it not for the fact that until July when he resigned citing personal reasons, John McCain's son, Andrew McCain, sat on the board of Silver State. He was also a member of the bank's audit committee, responsible for overseeing the bank's accounting.
It appears that the oversight was a little lax.
Halloween 2017: The Ghost of Harry Houdini
-
The magician and escape artist Harry Houdini died in Detroit 91 years ago,
on Halloween. Before his death, Houdini had added "spiritual debunker" to
his re...
7 years ago
2 comments:
the sins of the son?
Not even saying he sinned. Just pointing out a bank collapse that took place under the watchful eye of the younger McCain.
Although if you wanted to use the aphorism it would be better if offered in its original incarnation, "The sins of the father visit the son", as The Keating Five scandal would seem to suggest.
Post a Comment