Bob McCarty Writes

Bank United CEO John Kanas told a CNBC interviewer that 1,000 banks will fail during the next two years, according to this report that accompanied the video above. That’s not good news, especially when one considers the fact that the FDIC is maintaining a ratio of only 0.22 percent in the fund that’s supposed to [...]

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Editor’s Note: When I began corresponding with a self-described conservative who reads this blog, I had no idea he was cohabitating as a “domestic partner” with another individual to whom he was not married.  Though I’m staunchly against such unconventional living arrangements, that’s not my focus here.  Instead, I chose to pursue this story based [...]

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On the heels of yesterday’s post about what many in news media and financial sectors are describing as the second-largest bank failure in U.S. history, I wondered how many other banks had failed in recent years. A page at the FDIC web site offered this list of 33 banks which have failed since October 1, [...]

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Below is the text of an FDIC news release about today’s collapse of IndyMac Bank:
IndyMac Bank, F.S.B., Pasadena, CA, was closed today by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation (FDIC) was named conservator. The FDIC will transfer insured deposits and substantially all the assets of IndyMac Bank, F.S.B., Pasadena, CA, to [...]

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Recently, I was encouraged by a Bob McCarty Writes reader to look into the background of Penny Pritzker, a Chicago billionaire who now serves as the National Finance Chair for Barack Obama’s presidential campaign. When I did investigate, I found details that should not only cause “Obamaniacs” to question their candidate’s judgment, but should — [...]

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