AGBeat » economics

FDIC calls bank closures a short term ill but closure rates remain high

Lani Rosales — Wed, 07 Jul 2010 19:43:14 +0000

In 2007, the FDIC seized only 3 banks, in 2008 they shut down 25, and in 2009, 130 banks failed! We’re only finishing out the second quarter of 2010 and 86 banks have already been seized. Florida, Georgia and Illinois have been hit the hardest so far this year, accounting for a combined 44% of all bank closings. We predicted [...]

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The dubious resting place of TARP funds

Lani Rosales — Wed, 03 Mar 2010 05:01:47 +0000

Where did all that money go? In case you’ve forgotten, the Troubled Asset Relief Program (TARP) is one of the biggest financial bailouts in history, and yet somehow, the public isn’t acutely aware of where the money went. For example, in total, members of the Senate Committee on Banking, the Senate Finance Committee, Housing and Urban Affairs, and the House [...]

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Online Economic Indicator Overview Tool

Lani Rosales — Fri, 26 Feb 2010 05:00:56 +0000

Take a look Russell Investments has developed an online tool for financial advisors called their “Economic Indicators Dashboard” that allows people to get a bird’s eye view of the main economic indicators and points to whether or not our economy is currently in. Right now, you can tell that interest rates are high, mortgage delinquencies are nearly off the chart, [...]

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