Group Think, Duct Tape and Slam Dunks
Paulson
U.S. May See 150-200 More Bank Failures
US May See 150-200 More Bank Failures: Bove Reuters | 24 Aug 2009 | 01:07 PM ET A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry’s payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of […]
MoreSmall Banks Getting Short End of Tarp Bat
SEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
MoreDutch Bank Wants To Buy U.S. Bank To Get In On The Gravytrain
Dutch Bank Wants To Buy U.S. Bank To Get In On The Delicious Gravytrain
MoreFed Pumps Further $630 Billion Into Financial System
Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency swaps with foreign central banks by $330 billion to $620 billion to make more dollars available worldwide. […]
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