Our first bank failure of the year. The smaller institutions will be more vulnerable to the rapid changes and the number of homeowners walking away from their homes. These small guys don't have the friends to change the banking rules or the name recognition they need to get bailed out.
Many of our astute readers have pointed out that banking reserve requirements (Title 23a) have been removed in August. I'm taking a look at it before I write more about it.
Since the rules have changed so much, I wonder how they know if a bank needs to be taken over,
http://www.fdic.gov/news/news/press/2008/pr08007.html
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Hey Refurbsytems i cannot find this article you refered to can you please post again the link.
Thanks
http://www.federalreserve.gov/research/staff/smalldavidh
Go to this link and then go to bottom of page for link to article.
http://www.federalreserve.gov/research/staff/smalldavidh.htm
one more time.
John,
You really need to read the article about how Northern Rock bank is being rescued in England with a bond issue. Banks do not fail today. They get absorbed by the corporate whole. This is not 1930's.
I think we are heading into inverse Stagflation,anyone have any comments why or why not and what to invest in?
I say the yen,swiss franc.
High quality treasuries.
Reverse ETFs like DOG.
and Destresse debt funds.
Comments on the above would be great.
Thanks Refurbsy
And John thanks again ,great job.
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