[quote=sdrealtor]A question for the bankers out there. I saw a stat yesterday that floored me. 25% of the banks that have been shut down are located in Georgia. Is there any reason for that (i.e. lax/non-existent oversight in GA)?[/quote]

Atlanta had a lot of banks that started up over the last 10 years. In an effort to grow into their capital quickly many start-ups go to the old faithfuls: construction lending and CD funding. And that, of course, kills you ultimately. Atlanta got very ugly very early. I doubt that Atlanta will look materially worse than SoCal, Arizona, Nevada or Chicago once the dust settles in a few years where foreclosures are concerned.