Bank Failure Friday claims three more
Three more zombie banks were seized by FDIC Friday afternoon. That’s 35 so far this year vs. 25 for all of 2008.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Tag bank failures
Bank Failure #34: BankUnited, Coral Gables, Florida
A big one this time, and the FDIC couldn’t wait until Friday, the normal day for bank seizures. Hmmm.
FDIC seizes three banks Friday
Three more banks were taken over Friday by the FDIC, including Silverton in Atlanta GA, the nation’s largest bank of banks, with 1,500 customer banks. Silverton killed itself by drinking too much housing boom kool-aid. It created a huge portfolio…
FDIC wants $500 billion credit line from Fed
They also want to raise fees they charge banks, all of this to build up their fund in anticipation of a tsunami of coming bank failures.
It’s Bank Failure Friday again
Riverside Bank of the Gulf Coast of Cape Coral, FL and Sherman County Bank in Loup City, NE went kersplat today and were seized by the FDIC. Update: Two more just got added to the list, Pinnacle Bank of Beaverton,…