Lately, it seems a lot of big banks have been horsin’ around with our money supply. So when I came across a humorous article on the virtual pages of The Oklahoman newspaper, I couldn’t help but think it might help my readers feel better. The article appeared today under the headline, “Redneck Bank offers fun, [...]
Redneck Bank Paying 5.25% APY on Checking
March 11th, 2009 · 2 Comments
Tags: · 5.25 percent apy, bank, bank marketing, bank of the wichitas, banking, checking, checking account, fdic, fdic-insured bank, Humor, mustang, nice rate of return, Oklahoma, oklahoman, redneck, redneck bank, redneck bank web site, redneck rewards, redneck rewards checking account, the oklahoman
Paulson Among Buyers of Failed IndyMac Bank
January 5th, 2009 · 3 Comments
The FDIC issued a news release Friday to let the world know the agency’s board had approved a letter of intent to sell IndyMac Bank to a thrift holding company controlled by IMB Management Holdings LP. Though one of the men involved in purchasing the bank shares the same last name as Treasury Secretary Henry [...]
Tags: · Associated Press, banking system, Bloomberg, ESPN, espn sports center, failed bank, fdic, george soros, hank paulson, hedge fund, hedge-fund operators, imb management holdings, indy mac bank, indymac bank, john alfred paulson, Los Angeles Times, madison avenue, paulson, pseudo-journalists, public affairs office, san jose business journal, sports center, treasury department, treasury secretary henry m. paulson, walek and associates, Wall Street Journal
IndyMac Bank Customer Frustrated by $52K Loss
December 19th, 2008 · 9 Comments
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 [...]
Tags: · bailout, bank failure, beneficiaries, Congress, domestic partner, domestic partnership, fdic, fdic-insured accounts, federal deposit insurance corporation, financial crisis, florida, indymac, indymac bank, indymac bank failure, port charlotte
BANK FAILURE! IndyMac Bank Closed by FDIC
July 11th, 2008 · 2 Comments
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, [...]
Tags: · bank failure, Bloomberg, fdic, fdic news release, indy mac, indy mac bank, indymac, indymac bank, indyMac bank closed by fdic, indymac bank collapse, SmartMoney, subprime loans, United Press International
Obama Finance Chair Tied To Subprime Scandal
February 14th, 2008 · 6 Comments
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 — [...]
Tags: · bank failure, Barack, Barack Obama, business week, chicago billionaire, Clinton, Democrat, fdic, federal deposit insurance corporation, forbes, Hillary, Hillary Clinton, national finance chair, Obama, obamaniacs, penny pritzker, poor lending practices, presidential campaig, pritzker, Rezko, scandal, sloppy accounting, subprime, subprime lending scandal, subprime loans, superior bank, Tony Rezko
