Another Bank Folds
Submitted by Bob W on Fri, 08/22/2008 - 22:03
Apparently, Colombian Bank and Trust out of Kansas is the newest member of the Implode club.
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Well, I guess we can
set our watches it must be Friday, bank bites the dust day.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
I am amazed @ how well they are holding off the big boys.
When they fall, as someone I cant remember who atm, @ DP said .... the "feces will hit the oscillator" ... lol... may have been the Great Khan ...
anyway its like they have weaved a fairytale into real life ....
More will fall, be prepared.
___ _____ _____ _____ ______ ______ _____ ___
“Revolutions never go backward.”
Wendell Phillips
≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈
"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy
Ready
and waiting!
Damn it all
What are Colombians doing issuing loans to Kansans?
LOL!
....good.
Kinda surprised to only hear of 1 this week....Were there any last week?
No, sista
Don't think any were taken over in a couple of weeks....I believe some credit unions though. My guess is that there are several that should be closed based on the normal standards of the FDIC, but they don't want to shut them to start a panic. Again, just a guess.
Bob W., Naples, FL
I had the opportunity
to attend a presentation by a somewhat well-known local economist last week.
It was kinda funny when he made references like "Helecopter Ben" and things like that.....Unfortunately, I was one of the few in the room that understood what he meant.
He showed a really interesting graph with historical information about bank reserves.......They graph just went off a cliff right at the end (most recent). I think it was a real eye-opener for those in attendance. He said outright that most banks today are broke and that the regulators are relaxing the standards so they don't have to close them all......I wasn't surprised but most others in the room were.