NetBank Shuts Down!

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]Last week we had pondered about the safety of online banks in "Are Banks Safe In A Falling Market?" Netbank's closure comes as a corroboration of our hunches. On September 28th NetBank, Alpharetta, Georgia was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation (FDIC).