The FDIC just took over its 9th bank failure for the year. This one was called Kansas bank Columbian Bank and Trust Company and has basically the same problems as the previous failures. The bank had too many bad loans being defaulted on.
It was the ninth failure this year of an FDIC-insured [...]
I used to have 7 American Express credit cards. I am currently down to 5 now, since I have canceled 2 of them. I plan on canceling them all eventually. They used to be the Rolls Royce of credit cards but now that they have been hammered by the housing crisis they [...]
NEW YORK, Aug 17 (Reuters) - The U.S. Treasury is growing increasingly likely to recapitalize Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) in the months ahead on the taxpayer’s dime, Barron’s reported in its Aug. 18 edition.
The weekly financial newspaper said that such a move [...]
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