Posts Tagged ‘bank failures’

700+ Banks Are Bordering on Insolvency

Tuesday, February 23, 2010 23:00 2 Comments

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, [...]

This was posted under category: Economics, Financial Markets Tags:

Citigroup to Customers: “We Reserve the Right…”

Saturday, February 20, 2010 14:51 2 Comments

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 [...]

This was posted under category: Economics Tags: , ,

A Banner Year for Bank Failures

Monday, January 18, 2010 22:49 4 Comments

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 [...]

This was posted under category: Financial Markets Tags: ,

Banks and Commercial Lending Bust

Saturday, October 24, 2009 19:44 2 Comments

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.) [...]

This was posted under category: Economics, Financial Markets Tags: ,