Posts tagged as:

FDIC

The Sixth and Seventh Bank Failures This Year!

July 26, 2008

For all the reassurances we have received over the past few weeks perhaps we need to take a closer look at where we keep our money, or at least how we keep our money.
Yesterday, Friday, the Office of the Comptroller closed the First National Bank of Nevada and the First Heritage Bank NA of California.  I [...]

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IndyMac is the 5th Bank Failure in 2008

July 14, 2008

So, we can’t blame everything on the government… but…
IndyMac is the third largest bank failure in the nation’s history.  And, of course, by now we all know that the bank has been taken over by the government.  Is that going to make us sleep better at night?  Probably not.
Over the weekend it was disclosed that [...]

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Three Bank Failures This Year… All on Main Street

May 10, 2008

We all remember the melt down of Bear Stearns.  Other banks are trying to stay afloat by selling off assets.  Yesterday Citigroup announced it would sell of some $400 + Million in assets.

 Global banking giant Citigroup Inc, which has been battered by the subprime crisis, plans to sell assets worth $500 billion in the next two [...]

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