Archive for February, 2009
Friday, February 27th, 2009
Heritage Community Bank, Glenwood, IL, was shuttered without warning by the FDIC, making it the government entity's 16th victim this year.
Chicago-based MB Financial Bank, N.A., acquired all deposits of Glenwood-based Heritage Community Bank at the close of business today in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
"Customers can ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 27th, 2009
Security Savings Bank of Henderson, Nevada, is gone. The bank becomes FDIC casualty number 15 of 2009 and Nevada's first of the year.
Henderson-based Security Savings Bank was seized by the state’s Financial Institutions Division today. The state appointed the Federal Deposit Insurance Corporation as receiver.
Security Savings Bank was the 20th ...
Posted in FDIC FAILED BANKS | No Comments »
Wednesday, February 25th, 2009
Some thoughts about the corporatization of America.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake up homeless on ...
Posted in Bank Bailout Count, BREAKING NEWS! | No Comments »
Tuesday, February 24th, 2009
Citi is crumbling tonight. The cracks that started when the credit bubble burst in July 2007 are giving way to an all-out avalanche of debris, leading to implosion at the organization's corrupt core. But at the verge of destruction is the greatest dangerous. The charges are set and when this thing ...
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Monday, February 23rd, 2009
Ron Paul on Bill Maher's show. More good stuff that won't get done until it's too late.
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Posted in Bank Bailout Count, BREAKING NEWS!, CENTRAL BANKERS | No Comments »
Sunday, February 22nd, 2009
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Anyone who thinks that more regulations are needed should consider how the watchdogs turned their snouts away during the Madoff and Stanford case. Remember the criminals love the idea of more regulation, because they are the wolves who will be put directly in charge of the hen house. This ...
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Sunday, February 22nd, 2009
There is some good news. They don't own everyone in the major financial media yet! Watch as Rick Santelli goes way off the range during this classic on air rant.
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Posted in Bank Bailout Count, BREAKING NEWS! | 1 Comment »
Saturday, February 21st, 2009
Barclays second half and full-year 2008 earnings report was a rerun of the bank's first half, including beating estimates that analysts purposefully low-balled. Just as in the first half, the bank and its cheerleaders are still trying to con investors regarding the institution's financial health. Witness:
Barclays Plc reported second-half profit that exceeded ...
Posted in Bank Bailout Count, BREAKING NEWS! | No Comments »
Friday, February 20th, 2009
The FDIC moved in without warning and seized Silver Falls Bank, Silverton, OR, making it the 14th bank closed by the agency in 2009 and the second in Oregon in eight days.
After 17 years of remaining hands-off, Oregon regulators on Friday shuttered a state-chartered bank for the second time in eight ...
Posted in FDIC FAILED BANKS | No Comments »
Thursday, February 19th, 2009
Its characteristic that the criminals were put in charge of the investigation. Now they parade Alan Greenspan in front of Congress to portray him as the elder statesman of finance and have him testify as to how to fix what he helped break. No doubt they are looking for a ...
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