Wednesday, October 14, 2009

Free Enterprise?

Banks set to become region's largest landholders

All in all, banks are set to become some of Southwest Florida's largest landholders.

So far in 2009, they have begun foreclosing on at least 5,500 acres in Manatee and Sarasota counties that were bought for $420 million during the boom. more...

How do banks think? See here.

Fla. faces $2.6 billion shortfall

Just months after patching together a budget by cutting spending, raising fees and gobbling up federal money, Florida lawmakers are bracing for more tough times next year.

Florida could face a budget shortfall of as much as $2.6 billion for the 2010-11 fiscal year that starts in July, as state tax collections continue sagging and costs increase for programs such as Medicaid.

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