Comments on: Bank Failure Friday

By: ddavid

ddavid — Sun, 27 Sep 2009 18:42:20 +0000

The FDIC takeover is not a bailout — it is just the opposite — it is the “closure” of 2 banks. (has absolutely nothing to do with Tarp)

Another bank may purchase the failed banks, and if not,
then the assets will be sold to another willing buyer. The FDIC will cover up to $250,000 per account (if properly vested) and those funds come from “all” Banks in a form of dues based on bank deposits.

This is the FDIC not the Fed (which is a private corporation).

By: Amandus Colver

Amandus Colver — Sat, 26 Sep 2009 08:40:51 +0000

Guess we’re still stuck in that nasty Bair market.

By: sangellone

sangellone — Fri, 25 Sep 2009 21:20:24 +0000

Looks like we are going to get TARP jr.! We had too big to fail so now we are going to get ‘too small or too minority to fail. Sheesh, will the bailouts never end?