Articles
Selected category: Banks
I noticed recently that AmTrust has significantly lowered its rates to the point that it has fallen off most of the rate tables. Then I received word of an email they were sending out. Now, it turns out they are being monitored by the OTS.
Read →Friday the 13th saw four bank failures - Pinnacle Bank, Corn Belt Bank and Trust, Riverside Bank of the Gulf Coast, Sherman County Bank - the most of any Friday so far.
Read →1st Centennial Bank in California was closed today by the California Department of Financial Institutions, marking the third bank closing of 2009. And we're still only in January!
Read →President Obama may have the FDIC run a "bad bank" that will purchase the toxic assets from bank balance sheets. Sound familiar? But this bad bank doesn't solve the central issue, how to value thes toxic assets.
Read →I recently opened an account with JP Morgan Chase having previously used Citibank for all of my financial needs. I am startled by how poor the
Read →There were two more bank failures last Friday - Security Savings Bank of Henderson, NV and Heritage Community Bank of Glenwood, IL. These bank closings are the 15th and 16th bank failures for the year.
Read →Freedom Bank of Georgia was closed yesterday by the Georgia Department of Banking and Finance. Northeast Georgia Bank assumed the deposits of the bank.
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The US Stock Market Fell 39% During Watergate
During Watergate and the lengthy process of getting Richard Nixon to resign, political instability weighed all sorts of havoc on the US economy with the S&P 500 falling from a high of 142, when Nixon assumed his second term in January... Read →
Six Ways to Reduce The Costs of Higher Education
As a mature and prosperous nation (Trump being a hiccup along the way), higher education has moved from a luxury and the domain of the well-to-do to a career requirement for a larger and larger number of people and jobs. Colleges and... Read →The Powershares SKF is one of the new tracking stocks. This one is two times levered short the financials, which means that its movement is twice that of the financial index in a reciprocal manner. If the financials are up, this is down twice as much. This makes the thing extraordinarily volatile and dangerous.
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