Get Ready! The Bank Runs are just warming up! Banks don't have the cash?

Submitted by MaxTheDog2 on Fri, 07/18/2008 - 12:20am.

In North Carolina today, several requests were made for cash withdrawals from local community banks by clients who have had read about the IndyBank in California. They were told to come back after the Federal Reserve asigned a date and time for pick-up. This has been confirmed by legal sources within the banking community and clients.And George Bush said yesterday, Everything is cool and there is no depression.

Five Things You Need to Know: The Modern Stealth Depression

http://www.minyanville.com/articles/index.php?a=18055

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MaxTheDog2's picture

Commerial Bankruptcies Soar this Quarter?

Submitted by MaxTheDog2 on Sat, 07/19/2008 - 6:17pm.

Commercial bankruptcies soar, reflecting widening economic woes

By Tony Pugh | McClatchy Newspapers

WASHINGTON — Driven by a sour economy and skittish consumers, U.S. business bankruptcies saw their sharpest quarterly rise in two years, jumping 17 percent in the second quarter of 2008,

http://www.mcclatchydc.com/227/story/44717.html

MaxTheDog2's picture

Feds seize more major banks over the weekend

Submitted by MaxTheDog2 on Sat, 07/26/2008 - 9:31pm.

Suggestion! Don't keep over a 100 thousand in any bank if you don't to lose it......

Bankrupt Banks?

The whole system is shaky because of fractional reserves, of course, but if you have more than $100,000 in Wachovia, WaMu, or Downey, GET IT OUT.

CARSON CITY, Nev. - Two banks operating in Nevada, Arizona and California — 1st National Bank of Nevada and First Heritage Bank N.A. — were closed Friday by federal regulators.

The 28 branches of the banks, owned by Scottsdale, Ariz.-based First National Bank Holding Co., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.

The FDIC said the takeover of the failed banks was the least costly resolution and all depositors — including those with funds in excess of FDIC insurance limits — will switch to Mutual of Omaha with "the full amount of their deposits."

http://news.yahoo.com/s/ap/20080726/ap_on_bi_ge/bank_takeover;_ylt=AqGvJ...

MaxTheDog2's picture

McCain Son resigns from Bank? Questions ask?

Submitted by MaxTheDog2 on Sat, 07/26/2008 - 11:04pm.

Presidental Candiate John McCain's son resigns from boards of Henderson bank
Silver State Bancorp, the Henderson-based holding company for the similarly named bank, reported that Andrew McCain, son of Republican presidential candidate John McCain, resigned today from the boards of directors of the bank and bank holding company.

The company cited “personal reasons” for McCain’s resignation, and a Silver State spokesman declined further comment.

http://www.lvrj.com/breaking_news/25941494.html

loftT's picture

place to check your bank's rating

Submitted by loftT on Sun, 07/27/2008 - 9:22am.

There are only a handful of A ratings in NC.

thestreet.com ratings

Progressive Democrats of North Carolina

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Since When is Campbell Brown My Hero?


Trying to get a straight answer out of McCain spokesman Tucker Bounds.

BTW: I'm glad that Talking Points Memo posted this excerpt on Youtube, but since when does TiVo'ing something allow you to brand it with your logo? That's the Wild West...