Archive for July, 2009
Thursday, July 16th, 2009
Below: Clips from SSB's marketing material, touting the "divine" origins of the bank.
As questions swirl over a small Kansas-based bank’s future, one question in particular looms largest: how could regulators have let this happen?
An Investigative exclusive By Teri Buhl, reporting for the Implode-o-Meter
Executives at Olathe, Kan.-based Security Savings Bank have ...
Posted in BREAKING NEWS! | 1 Comment »
Monday, July 13th, 2009
It's another all-out pump-up-the-market-for-fiscal-earnings-reporting season, and it looks like Goldman Sachs is going to carry the ball for second quarter 2009. The hype is up and the spin is already dizzying. Everybody seems to have forgotten that just a few short months ago the golden one was on the ...
Posted in BREAKING NEWS! | No Comments »
Friday, July 10th, 2009
After closing a scorching seven banks over the holiday weekend, the FDIC is back at it tonight, making Bank of Wyoming, Thermopolis, WY, the 53rd bank to fail in 2009.
Thermopolis, Wyo.-based Bank of Wyoming was closed by regulators Friday, marking the 53rd U.S. bank failure of 2009 as the credit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, July 10th, 2009
The US Federal Reserve, recently outed as the villainous culprit of the Dot Com Bomb and the current credit crisis, is shifting blame for the housing collapse. In a classic move of "Fedicism," the central bank has hired one of its own to do provide academic cover for their theft. ...
Posted in BREAKING NEWS!, CENTRAL BANKERS | No Comments »
Thursday, July 9th, 2009
The bankers have Britain's Gordon Brown and France's Nicolas Sarkozy so deep in their pockets that they have to pump daylight down to them. For proof, one need look only at how eager the pair is to push their respective economies, already clinging by the fingernails, off the cliff into ...
Posted in BREAKING NEWS! | No Comments »
Tuesday, July 7th, 2009
Inflation or deflation. Which will it be? There are people smarter than me on both sides of the argument, but until now, nobody with their butts on the line has had to make a move one way or the other. Over the past few months, China has made some guttural ...
Posted in BREAKING NEWS! | No Comments »
Tuesday, July 7th, 2009
The Wall Street Journal is asking "Goldman Sachs Quant Code Case: How Big a Deal Is It?" The short answer is that it's not a very big deal at all. Why? Let me count the ways. Oh, but where do I begin.
Firstly it's Goldman Sachs, so they'll get ...
Posted in BREAKING NEWS! | No Comments »
Friday, July 3rd, 2009
The banker billionaires must be bellowing up to the "give us more more more" bar. Seems a little bit of reality in the jobs numbers chopped the "green shoots" theory down to size, and since the first stimulus did not work so well, Congress has decided to do another. Nancy Pelosi, ...
Posted in Bank Bailout Count, BREAKING NEWS!, CENTRAL BANKERS | No Comments »
Thursday, July 2nd, 2009
The FDIC busied itself seizing seven banks after the close of business this fourth of July weekend. Founders Bank, Worth, IL, was the 52nd bank to be shut down by the agency in 2009 and the seventh of the night. Here is the story from Reuters:
U.S. bank regulators closed Founders Bank, ...
Posted in FDIC FAILED BANKS | No Comments »
Thursday, July 2nd, 2009
The FDIC busied itself this holiday weekend by seizing seven banks after the close of business on Thursday. Millennium State Bank of Texas marked the 51st bank to be shut down by the agency in 2009. Here is the story from Bizjournals.
The Texas Department of Banking on Thursday closed Dallas-based Millennium ...
Posted in FDIC FAILED BANKS | No Comments »
