IndyMac. Wachovia. Washington Mutual. First National Bank of Nevada. First Heritage of Newport Beach. Ameribank, Inc. First Priority Bank. All these banks have now faded into history. Are more banks vunerable to seizure by the Feds or acquistion by the remaining biggest players?? You can keep up to [...]
Entries Tagged as 'Bank Failures'
Will Bank of America be the only bank of America?
October 1st, 2008 · No Comments · Banking
Tags: Bank Failures·bank of america·Citigroup·IndyMac·Wachovia·Washington Mutual·Wells Fargo
Bailout Package Essential for US and World Economic Health
September 30th, 2008 · 3 Comments · Banking, Consumer Debt, Credit Cards, Mortgages
Yesterday, Cindy wrote about the $700 billion bailout package proposed by the House. The assumption at the time was that it would pass. News of the House rejection of the Plan yesterday stunned Wall Street and world markets. Some people cheered the rejection, as the plan has the reputation of charity [...]
Tags: Bailout Package·Bank Failures·Economic Health·FDIC·U.S.·Unemployment·World
