Archive for July, 2009
Friday, July 24th, 2009
The FDIC is on the move. Waterford Village Bank, Clarence, New York, became the 58th bank to close in 2009.
Waterford Village Bank of Clarence, New York, was seized by state regulators, pushing the toll of failed U.S. lenders to 58 this year, the most since 1992.
The bank, with $61.4 million in ...
Posted in FDIC FAILED BANKS | No Comments »
Thursday, July 23rd, 2009
The mainstream financial press is outed and they are going after the bloggers. Yes, that's right. The scum in the mainstream media are now going after the bloggers, the very people who were ignored when they got it right about the housing and credit bubble. You gotta be able to ...
Posted in BREAKING NEWS! | No Comments »
Wednesday, July 22nd, 2009
New Hope Community Development Federal Credit Union in Birmingham, Alabama, a federally chartered and federally insured credit union had its operations taken over by the National Credit Union Administration on July 22, 2009
New Hope Community Development Federal Credit Union was originally chartered in 1996 and serves the West End community ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Wednesday, July 22nd, 2009
Wells Fargo swaggered like a gunslinger into it's fiscal second quarter 2009 earnings reporting session and when the smoke cleared the bank had shot out a $3.17B profit on revenue of $22.5 billion. The profit increased 81% and revenue doubled and together could be used by Wells Fargo to ...
Posted in BREAKING NEWS! | No Comments »
Wednesday, July 22nd, 2009
JP Morgan continues to reap the benefits of an investment made at Jekyll Island nearly a century ago. And as the credit crisis roils in this new century, JP Morgan ruthlessly applies a business plan as timeless as it is corrupt, thereby reaping instant investments gains at the expense ...
Posted in BREAKING NEWS! | 1 Comment »
Saturday, July 18th, 2009
The siezure of Temecula Valley Bank, Temecula, CA, brings to 57 the number of FDIC bank closings in 2009.
Temecula Valley Bank, Temecula, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered ...
Posted in FDIC FAILED BANKS | No Comments »
Saturday, July 18th, 2009
The FDIC continues its torrid pace this evening, closing bank number 56 of 2009. Vineyard Bank, National Association, Rancho Cucamonga, CA, has fallen.
Zions Bancorporation’s California Bank & Trust unit acquired the deposits of Vineyard Bank, one of four lenders seized yesterday by regulators. The failures will cost the Federal Deposit Insurance ...
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Friday, July 17th, 2009
The FDIC has made it's 55th seizure of 2009. The victim: BankFirst, Sioux Falls, South Dakota. The FDIC appointed Alerus Financial, National Association, Grand Forks, North Dakota, as receiver.
BankFirst, Sioux Falls, South Dakota, was closed today by the South Dakota Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) ...
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Friday, July 17th, 2009
The FDIC is on the march tonight, claiming its 54th victim of 2009 and the 15th in Georgia. First Piedmont Bank of Winder, Georgia, was closed down by the agency tonight. First American Bank and Trust Company will assume all the failed bank's deposits.
Winder. Ga.-based First Piedmont Bank became the ...
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Thursday, July 16th, 2009
Goldman Sachs is imploding right before your very eyes -- though they do not see. The gale force winds blown by the mainstream financial media over Goldman Sachs' second quarter profits cloud the fact and confuse the issue. The fact is Goldman Sachs, in its rapacious quest for profits, is ...
Posted in BREAKING NEWS! | No Comments »
