Two years recession, or ten years of hell?
Friday, February 6th, 2009F. William Engdahl: US economy has been hollowed out over the last 15 years and debt load is staggering. <>
Archive for February, 2009
F. William Engdahl: US economy has been hollowed out over the last 15 years and debt load is staggering. <>
Obama Preaches Prudence But Wall Street Bonuses Still Safe
Thursday, February 5th, 2009The Obama administration is pulling one of the oldest tricks in the book: slamming the door on an empty barn. This ploy is typically used by corporations to placate shareholders without returning a single red cent. And now our new and illuminated president is protecting bankers' compensation while scoring political ...
Marcy Kaptur: The Revolving Door Between Wall Street and the White House
Tuesday, February 3rd, 2009Here's Congresswoman Kaptur speaking on the revolving door between Wall Street and the White House. She aptly points out that the Treasury was a prime example of this during the Bush years, and she does a nice job of explaining the mortgage pool scam in the process. <>
West Suburban Bank, Lombard, Illinois
Sunday, February 1st, 2009West Suburban Bank, Lombard, Illinois, has received an FDIC cease-and-desist order for not doing the regulator's job. Unlike most cease and desist orders having to do with lending practices, West suburban Bank's order has to do with monitoring clients accounts. The "cease and desist" order, issued Dec. 3 and released Friday, ...
Corn Belt Bank and Trust Company, Pittsfield, Illinois
Sunday, February 1st, 2009Corn Belt Bank and Trust Company, Pittsfield, Illinois, was hit with a cease-and-desist order from the FDIC. Federal and state banking regulators have filed cease-and-desist orders against West Suburban Bank of Lombard and Corn Belt Bank & Trust Co. of Pittsfield. Grievances against West Suburban include a board of directors that has ...
Mainstreet Bank, Forest Lake, Minnesota
Sunday, February 1st, 2009Mainstreet Bank of Forest Lake, Minnesota, was slapped with an FDIC cease-and-desist order for unsafe lending practices. It seems like just yesterday that banks only knew how to lend recklessly, but the FDIC says Main Street Bank can no longer turn to its old ways. Mainstreet Bank of Forest Lake, one of Minnesota's ...
