Archive for September, 2009
Thursday, September 17th, 2009
With word that green shoots sprouting up all over the road ways and side walks, Ben Bernanke's shrill statement that the "recession is likely over" could almost trick some one into believing all the hype.
Federal Reserve Chairman Ben Bernanke said Tuesday that the recession was "very likely over," as consumers ...
Posted in Bank Bailout Count, BREAKING NEWS! | No Comments »
Thursday, September 17th, 2009
Wells Fargo’s Commercial Portfolio is a ticking time bomb
By Teri Buhl
In order to sort through the disaster that is Wells Fargo’s commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they are shocked with what they are seeing. Not only do the ...
Posted in BREAKING NEWS! | 18 Comments »
Wednesday, September 16th, 2009
Someone had better get word to Judge Jed Rakoff fast because he screwed up yesterday when he refused to go along with a cozy little settlement that had been worked out between Bank of America and the Securities and Exchange Commission. That sweet deal was a cover up in which no ...
Posted in BREAKING NEWS! | 1 Comment »
Tuesday, September 15th, 2009
Much has been made in the mainstream financial media of the difference between Bear Stearns and Lehman Brothers, and the shrill question still arises: "why save Bear Stearns and let Lehman Brothers fail?" The question is quaint, of course, to those in the know. Bear Stearns was no more saved than ...
Posted in Bank Bailout Count, BREAKING NEWS! | No Comments »
Monday, September 14th, 2009
2009-09-18-The Fat Lady Clears her Throat:
They say it ain't over until the fat lady sings. Well, she's clearing her throat.
In order to sort through the disaster that is Wells Fargo’s (quote: WFC) commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they ...
Posted in Ailing, writedowns and distress | 6 Comments »
Friday, September 11th, 2009
Venture Bank, Lacy, Washington, makes 92 on the year for the FDIC. The ailing bank will only hit the Deposit Insurance Fund (DIF) for an estimated $298 million according to the agency.
Venture Bank, Lacy, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, September 11th, 2009
Brickwell Community Bank, Woodbury, Minnesota makes number 91 on the FDIC bank hit list for the year 2009. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $22 million.
Brickwell Community Bank, Woodbury, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, September 11th, 2009
Long tortured Cloris Bank is finally put out of its misery by the FDIC today when the agency made it the 89th failure to thousand nine.
Do not hesitate to visit the FDIC webpage for course bank. If you should have any further questions.
Long tortured Corus Bank was finally put out of ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, September 11th, 2009
You can now be sure that the Obama administration mini bubble is fully inflated and set to pop. Morgan Stanley Chief Executive Ass Wipe, John Mack, is stepping down, signaling the end of the ponzi crash dive.
Mack will be replaced by retail brokerage head James Gorman, in an attempt to ...
Posted in BREAKING NEWS! | 1 Comment »
Thursday, September 10th, 2009
Although its namesake John Pierpoint Morgan owned less than 20% of J.P. Morgan & Co, he certainly understood the business model passed on to him by the company's true owner, Mayer Amschel Rothschild.
That same model, steeped in fraud and soaked in blood money, is still at work today. Mayor Rothschild, ...
Posted in BREAKING NEWS! | No Comments »
