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Headline: Federal Reserve Cuts Rates 50 basis points and more

October 30th, 2008 3:43 am
The Fed lowered its' overnight lending rate to 1.00% and the discount rate to 1.25%. Along with this was the statement that downside risk to the economy remains that would seem to leave open the window for further rate cuts. We are chasing Japan which is

Let's Lose This Line: What Inning Are We In?

October 7th, 2008 4:27 am
Over the past months I have been watching both the prognosticators and experts giving their opinion on the financial crisis, and when we would be coming out of it. The typical opinion some months back was that we were in the late innings of this "game", a

FDIC Friday Failure

August 27th, 2008 6:15 pm
Categorized in: General
Tagged with: banking, economy, fdic
Friday is the most common day for your friendly neighborhood regulator to lock the doors of your the local bank and take it over. The FDIC is keeping busy these days with yet another bank failure. On... [Read More]

I Hope My Bank Goes Bust

August 21st, 2008 2:22 am
Tagged with: banking, fdic, foreclosures, indymac
The FDIC took over IndyMac Bank on July 11, 2008. It was the 5th bank failure in 2008. Shortly after taking over Indymac, the FDIC temporarily halted all IndyMac foreclosures on July 14, 2008 as rep... [Read More]