bank failures: Credit crunch may take out large US bank - 08/20/08 11:56 AM
Professor Kenneth Rogoff, a leading academic economist, said there was yet worse news to come from the worldwide credit crunch and financial turmoil, particularly in the United States, and that a high-profile casualty among American banks was highly likely.
"The US is not out of the woods. I think the financial … (5 comments)
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bank failures: Is This The Last Hurrah For The Banking System? - 08/09/08 03:34 PM
I just read a great article, "Thar she blows: The last hurrah for the banking system"By Mike Whitney
The article talks about all the negative press that hounds us all and the bank runs that are going on, the sabor rattling with the FDIC, and of course the possibility of another … (3 comments)
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bank failures: Politics And Possible Bank Failures? - 07/28/08 10:16 AM
McCain's son resigns from boards of Henderson bank - This is an interesting story to follow from the Las Vegas Review-Journal - click here for the details
Odds are you won't see this story on the national news.
Kinda Reminds you of the Keating Era....hmmmmm what other politicians are going to be tied … (2 comments)
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bank failures: FDIC takes over 2 more banks, closing 28 branches - 07/26/08 10:57 AM
CARSON CITY, Nev. - The 28 branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators.
The banks, owned by Scottsdale, Ariz.-based First National Bank Holding Co., were scheduled to reopen on Monday as Mutual of Omaha Bank … (5 comments)
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bank failures: IndyMac firing half its employees: Prospect Mortgage gets retail branches - 07/15/08 12:48 PM
The Whales are swallowing the minnows!!!
this is an update on a earlier blog I had writen about....
Following the news that IndyMac is firing half of their employees, we have also learned that the lender is to sell most of their retail mortgage branches to Prospect Mortgage. According to an … (7 comments)
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bank failures: 150 banks nationwide could potentially fail over next year - 07/13/08 09:17 PM
But the troubles are growing so rapidly at some small and midsize banks that as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months, analysts say. Other lenders are likely to shut branches or seek mergers.
Click here: 150 banks nationwide could potentially … (8 comments)
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bank failures: IndyMac Seized by U.S. Regulators - 07/13/08 12:21 PM
IndyMac Seized by U.S. Regulators - This hits home for me because I use indymac for my preferered lenders. I have been told by my lenders that they are in the process of being bought out, and will have a new name on monday, and it will be business as usual.
I'm sure … (10 comments)
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bank failures: The Financial Tsunami has not reached its Climax - 06/06/08 10:10 AM
Earlier today, I was asked by another agent when I thought the Las Vegas Real Estate market was going to hit bottom. (wish I had a crystal ball) I said that there is a glut of short sales/foreclosures that could slow down the recovery of the market and I personally think … (5 comments)
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bank failures: US banks fear $5 trillion balance impact - 06/04/08 08:14 PM
US banks fear accounting changes could impact lending as they force $5 trillion of assets back on to their balance sheets
A storm is brewing and it looks like this one will not go away for years to come. Read here
The article goes on to say: Analysts at Citigroup said a planned … (8 comments)
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bank failures: Bank Ordered To CLose - 05/10/08 09:35 AM
BANK ORDERED CLOSED IN BENTONVILLE... Observers have been watching for signs of bank distress resulting from the mortgage crisis. Profits at federally insured U.S. banks and thrifts plunged to a 16-year low in the fourth quarter as institutions set aside a record-high amount to cover losses from sour mortgages.
This is the … (0 comments)
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bank failures: US Fed Prepares for More Bank Failures In Wake of Housing Market Collapse - 04/09/08 11:50 AM
It seems that the Federal Deposit Insurance Corporation is getting ready for more financial institutions to fail as world credit markets convulse in the wake of the US housing collapse and a flight from SIVs... structured investment vehicles which are highly leveraged, complicated, based on assumptions now proven to be plain … (6 comments)
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