Bob McCarty Writes

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, a [...]

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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 [...]

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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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