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View Full Version : FDIC Takes Over 2 More Banks



ItsTime
07-26-2008, 11:05 AM
http://www.msnbc.msn.com/id/25857049/

Looks like Bank of Omaha bought them after.
psalm82x3
07-26-2008, 05:30 PM
bump
forsmant
07-26-2008, 05:32 PM
Mutual of Omaha insurance company recently branched into the banking and money creation business.

Did You know that Wal-Mart was denied the option of branching into the banking business?
libertythor
07-26-2008, 05:37 PM
Mutual of Omaha insurance company recently branched into the banking and money creation business.

Did You know that Wal-Mart was denied the option of branching into the banking business?

There is now a "Banco de Walmart" in Mexico. lol
The Good Doctor
07-26-2008, 05:40 PM
And the economy is just fine....... LOL.
puppetmaster
07-26-2008, 08:47 PM
scant coverage also
ItsTime
07-27-2008, 10:19 AM
Mutual of Omaha insurance company recently branched into the banking and money creation business.

Did You know that Wal-Mart was denied the option of branching into the banking business?

At least we know who is close to the fed.
forsmant
07-27-2008, 10:32 AM
Actually, Mutual of Omaha out bid other banks for the two failed banks. Mutual of Omaha has been in the insurance business for 99 years and the banking industry for 1 year.
brandon
07-27-2008, 10:42 AM
From the article:

The FDIC said the cost of the transactions to its insurance fund is estimated to be $862 million, adding that the two failed banks represent just 0.3 percent of $13.4 trillion in total industry assets at about 8,500 FDIC-insured institutions.

This is some tricky doublespeak. The FDIC is trying to make people think they can handle reimbursing customers of failed banks up to a total of 13.4 trillion, which is bullshit. They only have about 42 billion left in their reserves after these bank failures.
RSLudlum
07-27-2008, 10:47 AM
Did You know that Wal-Mart was denied the option of branching into the banking business?


WTF??? Why not? They bring everything to the american consumers for cheaper, why not provide our money for cheaper...I bet the chineses could print our money cheaper than our own Treasury :p
Rhys
07-27-2008, 04:04 PM
those were the two i knew about but couldn't say. it sucked at work when it was unsure what would happen.