The Sun's Financial Diary (Free subscription) | 07/14/2008
Original post on The Sun's Financial Diary Banks Taken Over by FDIC in 2008 IndyMac Bank, the California-based Bank specializing in mortgage lending, became the latest, yet largest so far, Bank to fail in 2008 after the Bank’s customers withdrew more than $1.3 billion since June amid crisis in the financial and housing market. Last Friday, July [...]
QandO (Free subscription) | 07/12/2008 | Other
I ndyMac Bank’s assets were seized by federal regulators when it was determined, Friday, that it could no longer meet depositor’s demands. Why were there such heavy depositor demands? Because of an incompetent senator from NY - Chuck ScHumer . ScHumer sent a letter on June 26th to several Bank regulating agencies urging them to take steps to prevent IndyMac’s collapse. At that point, all’s fine. But...
Anorak News (Free subscription) | 07/17/2008
JOHNATHAN Pearce looks at Cristiano Ronaldo’s slave labour, and Mick Hume’s reaction: But the recent comments that Ronaldo’s contract amounts to a form of slavery is stretching the use of language to breaking point, contrary to what Mick Hume, a self-described “red” both in political and sporting terms, says. If a person signs a contract to [...]
The Big Picture (Free subscription) | 07/16/2008 | Other
The collection of ne'er do wells, clueless dolts, political hacks, and oh, let's just be blunt and call them what they are -- total Idiots -- expands into an ever larger circle. While the Republic burns due to the unsavory combination of incompetence, ideological rigidity, and crony capitalism, the fools and assclowns seem ever more determined to avoid any personal responsibility for the damages they...
Per Crucem ad Lucem (Free subscription) | 07/07/2008
James Orr (1844–1913), theologian, was born in Glasgow on 11 April 1844, the son of Robert Orr, an engineer, and his wife, Montgomery (née Hunter). He began school in Manchester and Leeds before, when he was about nine, both his parents died. Living with Glasgow relatives, he became an apprentice bookbinder. In 1865 he entered [...]
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Just wondering if....
These bad loans were made worse by lenders trying their best to make loans to illegal aliens? Even now the banks advertise taking a loan to give your fifteen...
anonymous - 07/14/2008