And this is according to an FDIC report. The names of the banks on the list are never made available to the general public by regulators out of fear that depositors at those institutions may prompt a so-called “run on the bank.” …Bair confirmed that the pace of bank failures would pick up this year, [...]

Citigroup sent this notice out to customers: “Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this [...]

While the government spent zillions trying to prop up its swine flu propaganda campaign in order to grab unprecedented new powers by putting the populace under the spell of a doomsday crisis, duplicitous public officials who paint catastrophic landscapes with pink ribbons and teddy bears are obscuring the real calamities. The blighted landscape before us [...]

Yesterday, seven more banks were closed – quietly – as the number reached 106 for the year. The Wall Street Journal has an interactive map of bank failures (131) since the beginning of 2008. On a related note, as the commercial real estate bust heats up, Capmark Financial Group, Inc.  (formerly GMAC Commercial Holding Corp.) [...]