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 [...]
Bank CEO: 1,000 Banks Will Fail in Two Years
August 28th, 2009 · No Comments
Tags: · 1000 banks will fail, bank failure, bank united ceo john kanas, bankunited, CNBC, fdic fund, indymac, john kanas
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
