Another one bites the dust.....FDIC takes over 1st National Bank of Nevada, First Her

Discussion in 'Wall St. News' started by simon1080, Jul 25, 2008.

  1. FDIC takes over 1st National Bank of Nevada, First Heritage Bank

    $100 .. on 16 banks by the end of this mess!

    lets get the bets going!
  2. First Heritage Bank, NA, Newport Beach, CA


    Two banks in one day. I guess WM is next week!!!
  3. Jp Morgan will buy out WAMU $6 - 8 bucks/share!!!

    Mark this!
  4. trendy


  5. Why not $5 or $2?
  6. "Global (wealth transfer) Games 2008" continue!!! :D

  7. Between 1981 and 1991 well over 100 banks per year failed and between 87 and 91 the number was north of 250 each year.

    I presume your no expert on this sort of stuff, huh?
  8. A whole 16 banks?????? Kiss your $100 good bye.
  9. Daal


    There is something I dont understand about this. why is it that other banks are acquiring deposits? as far as I know deposits are liabilites on the balance sheet and if they are not matched by good assets then thats no good

  10. Yip WM is next weekend. FDIC only have a enough free staff to close two banks at a time. But they are becoming experts at it though.
    #10     Jul 26, 2008