Tag: fdic
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econocrash: liquor, gold & a new world order
US economic decline forges new world order* US unemployment rate reaches 9.8%*fdic seizes 3 banks, taking tally for year to 98*economics of undocumented immigrants: myth & reality*1000s line up in detroit for stimulus money*liquor, restaurants & computers up; most other retail classes down* US govt gold manipulation document declassified: download pdf here*video: ‘when you own…
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econocrash: 10 looming bankruptcies + fdic & unemployment
10 big companies teetering towards bankruptcy from business insider: A new report by Audit Integrity identifies some high-profile names “that have the highest probability of declaring bankruptcy among publicly traded firms.” … 1. Hertz: When you have tons of debt financing your fleet of cars, falling rental demand really hurts. 2. Textron:What a tough time…
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econocrash: fictitious, fdic, figureheads & the fed
video: trader says markets are manipulated & volumes ‘fictitious’* regulators shut down banks in florida, new jersey, ohio, oklahoma & illinois; 69 & counting for 2009*could the great recession lead to a great revolution?*video: geithner won’t rule out new taxes for middle class*obama admin won’t rule out raising taxes on middle class*”in the new world…
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econocrash: sachs attack, dollar death & the fdic
US mortgage fraud soared in 2008 & still growing, says fbi programmer out on bail after stealing software that runs goldman sachs’ automated trading systemsfrom reuters: A former Goldman Sachs Group Inc computer programmer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said…
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econocrash: sachs, savings & severed services
“sachs’ crash of markets last year was a false flag operation” US regulators close another 5 banksfrom presstv: US regulators have closed five banks, bringing the total of US bank failures to 45 this year as falling home prices take their toll on financial institutions. The Federal Deposit Insurance Corp (FDIC) said the five banks…
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econocrash: cia, soul, wall street & wal-mart
satire: wal-mart to employ 80,000 iraq war veterans as greeters banks in georgia, north carolina & kansas closed by regulatorsfrom bloomberg: Banks in North Carolina, Georgia and Kansas with combined assets of $1.5 billion were seized by regulators last week, costing the U.S. insurance fund $363 million and pushing this year’s tally of failures to…
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econocrash updates: derivatives, threats & debts
video: federal reserve cannot account for $9 trillion*US foreclosures hit record for 2nd month*economists’ letter says what went wrong*fdic, jpmorgan seek ouster of wamu stakeholder suit*obama releases tax increase playbook*wash gov ok’s tax cut for newspapers*treasury asks for control of derivatives market*sony suffers 1st annual loss in 14yrs*gm & chrysler to cut up to 3,000…
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Econocrash: IMF, CFR & Protestors Queue Up For Conflict
100s queue for low wage retail sales jobs in dublin regulators shut banks in georgia, michigan, california & idahofrom bloomberg: Regulators seized banks in Georgia, Michigan, California and Idaho with total assets of $2.3 billion, bringing the tally of failures in the U.S. this year to 29, exceeding the total for all of 2008. American…
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the saga continues: wamu sues fdic for $13b+ over forced sale
from raw story: Washington Mutual, the bankrupt, seized and “under investigation” financial institution which saw some operations forcibly sold off to JPMorgan Chase in 2008, is suing the agency that guarantees Americans’ deposits, and that agency is running low on funds. Washington Mutual (WaMu), formerly one of the nation’s most prestigious banks and alleged holder…
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oregon’s silver falls bank closed
from press tv: Silver Falls Bank has been closed by regulators to become the 14th US bank to fail this year amid the worsening US housing crisis. The Federal Deposit Insurance Corp said Silver Falls Bank, which was opened in May 2000, had $131.4 million in assets and $116.3 million in deposits as of Feb.…