Regional Banks Are the Future

| March 31, 2009

Meredith Whitney has it figured out.  She has been way ahead of everybody else on banking.  She is now in the process of opening her own investment firm…………………..The big-bank model isn’t going to last much longer, banking industry analyst Meredith Whitney said at the Journal’s Future of Finance Initiative, and said a more sustainable approach would be bigger regional […]

Trillion Dollar Deficits Seen For Next 10 Years

| March 31, 2009

I hope not……………sounds very inflationary to say the least!      President Barack Obama‘s budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month.  The Congressional Budget Officefigures, obtained by The Associated Press Friday, predict Obama’s budget will produce $9.3 […]

U.S. Seizes Key Cogs for Credit Unions

| March 31, 2009

It looks like the Credit Unions may be next to get into hot water…………………..funny thing is they all say everything is just fine, until it isn’t.        In the latest move by federal authorities to prop up the nation’s banking system, regulators late Friday seized control of the two largest wholesale credit unions in the U.S. […]

FBI Ramps up Probes of Financial Mortgage Fraud

| March 31, 2009

Not surprising to say the least……………………………The number of probes by the Federal Bureau of Investigation into corporate fraud and mortgage fraud is growing by the month.FBI Deputy Director John Pistole told a House panel Friday that the bureau has more than 2,000 open investigations into mortgage fraud as well as 566 corporate-fraud investigations.Mr. Pistole said 43 of those corporate-fraud […]

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