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Federal Reserve

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Naked Capitalism

The plot is already familiar: the Friday night, FDIC prepack, in this case, with Birmingham, Alabama-based Regions bank assuming all $974 million of deposits and $34 million of assets. The bank focused on real estate lending and had a "faith bas

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Michael S. Rozeff for LewRockwell.com

The entire enterprise of Government, in the bloated and intrusive form we know it as, is destined to fail. The failure of any and every coercive monopoly Government is assured by its own dynamics.

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Reuters.com

"We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks," said Rogoff, who is an economics professor

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National Expositor

The news headlines have been packed with economic Gloom and Doom, in recent weeks. Things seem to be spinning out of control--with collapsing credit markets, massive bailouts, emergency cash infusions, and taxpayer "stimulus" checks

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FDIC

First Priority Bank, Bradenton, Florida, was closed today by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. It was immediately sold to

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LewRockwell.com

Followers of the Austrian school of economics have warned that unless Congress moved to end the implicit government guarantee of Fannie Mae and Freddie Mac, and disengage the US Government from the housing market, America would face a crisis in hous

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Reuters

...and convene a meeting on Monday on the economy and the financial system. The discussion will include former Federal Reserve Chairman Paul Volcker, former U.S. Treasury Secretary Robert Rubin and billionaire investor Warren Buffett, chairman of Ber

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RGEmonitor.com

Covered bonds will be used to render profitable assets off soon-to-be-bankrupt corporates, leaving pensioners and other creditors with the stripped carcass in the liquidation. Am I too cynical?

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Bizjournals

"The blogs were a bit out of control," said the chairman of the Federal Deposit Insurance Corp. "We're going to continue to stay on top of it. The misinformation that came out over the weekend fed a lot of depositors' fears.

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East Valley Tribune

28 branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators. The banks, owned by Scottsdale-based First National Bank Holding Co., were scheduled to reopen

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Michael Shedlock / Mish

By the way, I am not just talking about WaMu here. Any bank whose share price is in the single digits is at extreme risk. Any bank whose share price is under $5 is at risk of imploding overnight.

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SeekingAlpha.com

I also find it hard to believe our foreign creditors will continue to hold U.S. Treasury bonds if the U.S. Treasury takes on all of the mortgage losses of Fannie Mae and Freddie Mac. I think they'll dump our bonds and that will literally be the e

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Michael Shedlock / Mish

Is this a hint of the banks and brokers the Fed and SEC want to protect at all costs? Or is this some kind of setup play, an open invitation to short the others before the same stunt is pulled again.

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Michael Shedlock / Mish

The best defense against misinformation is the truth. To paraphrase Jack Nicholson, the market can’t handle not having the truth. Lack of information leads to lack of confidence. ....

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