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#1
12-29-2009, 05:57 PM
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Move your money
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts 
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#3
12-29-2009, 09:27 PM
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http://www.fdic.gov/bank/individual/.../banklist.html
List of failed banks. Virtually everyone was a community bank.
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#4
12-30-2009, 09:35 AM
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My preferred bank wasn't listed as well and I know they are in good shape. They are not affiliated w/any major company and that seemed the case with most of the banks that popped up.
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#5
01-01-2010, 02:33 PM
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Quote:
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#6
01-01-2010, 07:58 PM
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Quote:
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#7
01-01-2010, 08:10 PM
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Quote:
__________________
"but there's just no point in trying to predict when the narcissits finally figure out they aren't living in the most important time ever." hi im god quote
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#8
01-01-2010, 09:15 PM
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Quote:
The small banks have the chips stacked against in a massive way. Before you even start, overhead is bigger simply because of scale. The only way a small bank stays in business is by doing the business the big banks don't want to do. The more stable clients want higher yields on their deposits and dirt rates on their loans so the spreads are thin. The riskier deals...the ones where you can actually make a profitable spread...are deemed risky for a reason. Maybe its a commercial loan for a new office building going up or maybe its a small business loan. Either way, the small bank is really the only game in town. A bank has to maintain a certain ratio of deposits to outstanding loans. With the hysteria, people are moving their money out of the small banks and into the "safer" bigger banks and, lets face it, some of these loans are going bad. Add it all up and it equals an insolvent bank. Its not like the small bank took these loans or are taking them currently with greed in mind. Its simply survival. Its a mess...and its only going to get worse. It isnt bush's fault or Mike Leach's fault and it certainly isnt Obama's fault right now. I read all of these posts in this section about inflation and I just have to laugh. When loans default and businesses go down and banks aren't lending, wouldnt that set up for a deflationary environment?
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#12
12-31-2009, 10:53 AM
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Huffington just exposed the true motive of the site on CNBC. It is nothing more than the bashing of Bank of America, Wells Fargo, Citibank et al. Something to do with her believing capitalism and free markets help Wall Street and not Main Street.
and 100 million people will change the banking system and regulation not the government. lol
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