First bank bailout in Spain

Spain's deposit insurance agency is likely to contribute between EUR500 million and EUR1 billion to the bailout of troubled savings bank Caja Castilla-La Mancha.CCM, as the unlisted savings bank is known, is in talks to be acquired by its larger peer, Unicaja. The funds...

Silver Falls Bank Fails

Silver Falls Bank has failed, becoming the 14th victim of the Credit Crunch. The FDIC took possession of the bank and flipped it to Citizens Bank. If you're a Silver Falls depositor, don't worry: your money is...

Big Financial Guru "Lehman Bros"...About to Tank!

The International Institute of Nonviolence News&Opinion By: Rev. Jermano   The Almighty Financial Guru-wizard Lehman Bros....are finally seeing the truth and are trying desperately to dump their...

US Government Takeover of it's Financial Crisis? Real or Scam?

The International Institute of Nonviolence News&Opinion By: Rev. Jermano   Note: 1000 Billion = 1 Trillion Well folks the US Government is in a heap of trouble, and one wonders whether all this takeover...

IndyMac Bank 33rd to Fail Since October 2000

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 a list of 33 banks which...

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