Archive for April, 2009
Thursday, April 30th, 2009
The fact that Barney Frank wants to give the Securities and Exchange Commission oversight of the hedge fund industry should destroy any lingering disbelief about whose business his interests are in:
The chairman of the U.S. House of Representatives Financial Services Committee said Congress will give the Securities and Exchange Commission the ...
Posted in BREAKING NEWS! | No Comments »
Saturday, April 25th, 2009
Bank of America reported its fiscal first quarter 2009 earnings today in a fraudulent sham and spectacle rigged to exaggerate profits while hiding losses. It was an old page torn from the remarkably thin play book called Masters Shaft the Universe. Once again, America's decrepit financial sector has proved that ...
Posted in Bank Bailout Count, BREAKING NEWS! | 1 Comment »
Friday, April 24th, 2009
Eastern Financial Florida Credit Union, Miramar, FL, was closed Friday by the National Credit Union Administration. The National Credit Union Administration has appointed Space Coast Credit Union to manage the institution's day-to-day operations.
Eastern Financial, started in 1937 by 10 employees of the former Eastern Airlines, remains open for business as usual, ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, April 24th, 2009
First Bank of Idaho, Ketchum, Indiana, was closed Friday by the Office of Thrift Supervision, according to the Federal Deposit Insurance Corporation.
According to the Federal Deposit Insurance Corporation, the First Bank of Idaho has been closed by the Office of Thrift Supervision. The closure happened Friday.
The FDIC has entered into ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 24th, 2009
Michigan Heritage Bank of Farmington Hills, Michigan, was the 27th bank to fail in 2009 according to the Federal Deposit Insurance Corporation on Friday. Level One Bank of Farmington Hills, Michigan, will assume all of the bank's deposits.
State regulators have closed Michigan Heritage Bank of Farmington Hills, the second bank to fail in the ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 24th, 2009
First Bank of Beverly Hills, Calabasas, California, a commercial lender damaged by the real estate collapse, has now closed its doors. The bank had $1.5 billion in loans and other assets, which will be taken over by the FDIC.
The agency estimated that the bank's collapse would cost the federal deposit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 24th, 2009
American Southern Bank of Kennesaw, Ga, was closed by the Georgia Department of Banking and Finance after the bell on Friday. The closure marks the 26th bank failure of 2009. Bank of North Georgia of Alpharetta, Ga, will assume all $112.3 million of American Southern Bank's assets.
Regulators on Friday shut down ...
Posted in FDIC FAILED BANKS | No Comments »
Tuesday, April 21st, 2009
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"First they ignore you, then they ridicule you, then they join you" goes the old saying, and that's exactly how it's gone for Peter Schiff, Nouriel Roubini, and others who trumpeted the housing and credit bubbles as the main stream press peddled lies from Paulson, Greenspan and Bernanke. Reality is setting ...
Posted in Bank Bailout Count, BREAKING NEWS! | No Comments »
Monday, April 20th, 2009
Geitner and Summers toxic assets plan amounts to the wholesale mass robbery of the entire nation, and it seems Obama is securely on board. What's more is that the American taxpayer is sittin' on his ass at a crucial moment again. Imagine that!
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Posted in Bank Bailout Count, BREAKING NEWS!, CENTRAL BANKERS | No Comments »
Friday, April 17th, 2009
It's Friday after the bell and the FDIC is at it for the 24th time this year. Today FDIC closed American Sterling Bank, Sugar Creek, Missouri.
Sugar Creek, Mo.-based American Sterling Bank was closed by regulators Friday, marking the 24th bank failure of the year as the credit crunch continues to spread ...
Posted in FDIC FAILED BANKS | No Comments »
