Archive for September, 2010
Friday, September 17th, 2010
The Bank of Ellijay, Ellijay, GA, was one of three banks closings tonight to bring the total number of failures to 123 for the year nation wide. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for Bank of Ellijay will be $55.2 million.
Community & Southern Bank, ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, September 17th, 2010
ISN Bank, Cherry Hill, New Jersey, bites the dust tonight making it the the 120th FDIC-insured institution to fail in the nation in 2010. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be approximately $23.9 million.
ISN Bank, Cherry Hill, New Jersey, was closed today by ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, September 10th, 2010
Horizon Bank, Bradenton, Florida, is the 119th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $58.9 million.
Horizon Bank, Bradenton, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, September 3rd, 2010
Originally posted at Stockmarket-Implosion.
"Inflation is always and everywhere a monetary event," so sayeth Milton Friedman. Following this intellectual tradition, recently Mish and other analysts define inflation as an increase in the money and credit supply. They then point to a myriad of the examples of the deflation they claim that ...
Posted in BREAKING NEWS! | No Comments »
Wednesday, September 1st, 2010
First American Credit Union, Beloit, Michigan, is the 15th credit union to be shut down nationwide this year.
First American Credit Union of Beloit has been taken over by a Michigan credit union.
First American was founded in 1933 by employees at Beloit Iron Works and expanded over the years to serve ...
Posted in CREDIT UNION FAILURES | No Comments »
