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| Wells Hall Off-topic Board Politics, Religion, and Social Issues. This board is your pulpit to preach to the masses (like the Wells Hall preacher) about everything from politics to religion. Please be kind to your fellow Spartans. Post as if your family is in the other computer. |
08-29-2008, 11:17 PM
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#1 (permalink)
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 2,500+ posts
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 #25 Blair White
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Georgia-based bank failure is nation's 10th this year.
Georgia-based bank failure is nation's 10th this year - USATODAY.com
Quote:
The number of bank failures has shot up this year amid continuing mortgage defaults. On July 11, California mortgage lender IndyMac Bancorp Inc., with $32 billion in assets, became the largest thrift to fail in U.S. history.
According to FDIC data released Tuesday, the number of troubled U.S. banks jumped to 117 — the highest level in about five years — during the second quarter, up from 90 in the prior quarter. Bank profits plunged by 86% during that quarter, the FDIC said.
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http://www.brillig.com/debt_clock/
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Last edited by Scully60; 09-06-2008 at 12:18 AM.
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08-30-2008, 01:30 AM
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#2 (permalink)
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 1,000+ posts
Join Date: Feb 2007
Location: Memphis, TN
Posts: 1,401
#2 Mark Dell
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Quote:
Originally Posted by Scully60
Georgia-based bank failure is nation's 10th this year - USATODAY.com
The number of bank failures has shot up this year amid continuing mortgage defaults. On July 11, California mortgage lender IndyMac Bancorp Inc., with $32 billion in assets, became the largest thrift to fail in U.S. history.
According to FDIC data released Tuesday, the number of troubled U.S. banks jumped to 117 — the highest level in about five years — during the second quarter, up from 90 in the prior quarter. Bank profits plunged by 86% during that quarter, the FDIC said.
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WOW...big news...Banks give out bad loans and go under...isn't that how free markets work?
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08-30-2008, 01:38 AM
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#3 (permalink)
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#23 Javon Ringer
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Quote:
Originally Posted by spartyonbeale
WOW...big news...Banks give out bad loans and go under...isn't that how free markets work?
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Unless your name is Freddie Mac or Fannie Mae.
__________________
The difference between Republican politicans and Democratic politicians is the difference between glazed and powdered donuts.
The Amero is coming, The Amero is coming, The Amero is coming! 
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09-05-2008, 11:24 PM
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#4 (permalink)
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Join Date: Nov 2001
Location: Chicago
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__________________
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
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09-05-2008, 11:36 PM
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#6 (permalink)
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1,000+ posts
Join Date: Nov 2001
Location: Chicago
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Quote:
Originally Posted by LoneWolfSparty®
Good thing they have all those gold reserves!  |
Good thing WE have all those gold reserves. The one's in our pockets or under our bed.
__________________
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
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09-06-2008, 12:39 AM
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#7 (permalink)
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1,000+ posts
Join Date: Nov 2001
Location: Chicago
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By the way. This was McCain's son's bank.
__________________
"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
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09-06-2008, 01:11 AM
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#8 (permalink)
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 500+ posts
Join Date: Oct 2006
Location: ATL
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Quote:
Originally Posted by ChicagoMark
By the way. This was McCain's son's bank.
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__________________
 Bowl Bound!
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09-06-2008, 01:13 AM
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#9 (permalink)
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 25,000+ posts |
Quote:
Originally Posted by ChicagoMark
By the way. This was McCain's son's bank.
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I hope he withdrew his money first! 
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09-06-2008, 01:39 AM
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#10 (permalink)
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500+ posts
Join Date: Oct 2006
Location: ATL
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Quote:
Originally Posted by LoneWolfSparty®
I hope he withdrew his money first! |
He would be stupid to have more than $100K in one bank, everyone knows this!
-Sincerely
tRCMB Millionaires
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Bowl Bound!
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