Another one bites the dust.....FDIC takes over 1st National Bank of Nevada, First Her

S

simon1080

FDIC takes over 1st National Bank of Nevada, First Heritage Bank



$100 .. on 16 banks by the end of this mess!

lets get the bets going!
 
Quote from simon1080:

FDIC takes over 1st National Bank of Nevada, First Heritage Bank



$100 .. on 16 banks by the end of this mess!

lets get the bets going!
More...


Between 1981 and 1991 well over 100 banks per year failed and between 87 and 91 the number was north of 250 each year.

I presume your no expert on this sort of stuff, huh?
 
There is something I dont understand about this. why is it that other banks are acquiring deposits? as far as I know deposits are liabilites on the balance sheet and if they are not matched by good assets then thats no good
 
Quote from The Kin:

First Heritage Bank, NA, Newport Beach, CA


Hahahahahhahahaha!

Two banks in one day. I guess WM is next week!!!
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Yip WM is next weekend. FDIC only have a enough free staff to close two banks at a time. But they are becoming experts at it though.
 
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