Archive for May, 2009
Wednesday, May 6th, 2009
There are lies, dammed lies and the lies Paul Krugman tells. His do the most damage because people actually believe him, which gives the Obama administration political cover to transfer wealth from the lower 99 percent to the rest. Krugman's credibility is gained from pieces like this one.
The cost to ...
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Monday, May 4th, 2009
There is a lot of hype and horse-spittle swirling around the main stream financial media spin rooms today over the pending homes sales numbers. The housing bubble is the head of this credit horse; it led the ballooning out and it was the first part of the beast to pop ...
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Saturday, May 2nd, 2009
State and federal regulators closed America West Bank, Layton, Utah, late on Friday, making it the 32nd failure of the year. The FDIC said in a statement that Cache Valley Bank of Logan, Utah, will assume all of America West's deposits. America West Bank had total assets of approximately $299.4 million ...
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Friday, May 1st, 2009
Hot on the heels of Silverton is Citizens Community Bank, Ridgewood, NJ, as failure #31 of 2009 by the FDIC-only count (here's Citizens' obligatory, minimally-useful FDIC failure page).
Citizens was comparatively tiny, with about $45 million in assets.
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Friday, May 1st, 2009
Happy 30th! That is, 30th FDIC bank failure of 2009 (there have been other sorts of failures, such as those of credit unions, as we document here at bankimplode).
Silverton Bank was a wholesale bank based in Atlanta, but with operations reaching out over the whole country. As CNN Money ...
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