We had one of those rare Halloween bank failures today. Freedom Bank was closed by Florida regulators and the FDIC arranged for all deposits, including those that exceeded FDIC limits, to be...
Article | Submitted Oct 31, 2008 | Views: 76 | Comments: 0
Tags: banks, fdic, bank failure
Alpha Bank and Trust was closed last Friday by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. This is the ninth bank...
Article | Updated Oct 27, 2008 | Views: 28 | Comments: 0 Tags: bank failure
Indymac is freezing Home Equity Lines of Credit for a case-by-case review to ensure it doesn't suffer any more significant losses. I wonder what the process is since I don't see how they can...
The Feds have finally stepped in. Hope everyone who follows BCC had under the FDIC insured limits. There were definitely plenty of warnings.
Here's the first part of the FDIC's press release:...
This week saw an acceleration in the collapse of the financial edifice created on top of the mortgage bubble. As the mortgage bubble deflates, the casualties continue to mount. The Carlyle Group,...
This economy and these markets are in trouble. And, the trouble is not nearly over. Anyone who thinks that we have weathered a storm is fooling himself. There was no surprise when we dipped...
Article | Updated Nov 19, 2007 | Views: 291 | Comments: 1 Tags: crash, dow, bank failure
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