… Again, two more Georgia banks fail. More than any other state.

The Chairman on Banking in the state house is the South Hall Representative.

Yet… No story from the Gainesville Times, or the AJC, asking the guy for a quote.

We wrote about this a few weeks ago. It’s seems like a natural story, seeing as how we:

  1. Live in Georgia.
  2. Have the Chairman in our district.
  3. Have more bank closures in our state than any other.
  4. Have less population than about ten other states.

But… nothing to see here, citizen. This isn’t a local story at all.

 

HERE IN IT’S ENTIRETY, IS THE POST MADE NEARLY

THREE WEEKS AGO ON THIS BLOG.

The Wall Street Journal points out that Georgia’s banking system is a disaster:

The state is home to just 4% of all U.S. banks, but 20% of the nation’s bank failures since August. More banks have collapsed in Georgia than in any other U.S. state, even foreclosure-racked California and Florida. Six Georgia banks have been seized by regulators this year, burned by too much expansion in the past decade and bad real-estate bets.

Point #1: This website pointed this shit out nearly four months ago.

Point #2: This is a website located in Georgia, so it seemed relevant to me, the webmaster of some tiny-ass blog. There are million dollar news outlets in Georgia as well who haven’t once considered it to be news-worthy.

Point #3: The head of the banking committee in the State Assembly is a Hall Representative- making it twice as relevant here as in, say Macon or wherever.

Point #4: It took the freaking Wall Street Journal to actually do the fucking story.

(h/t Political Insider)

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