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Seven banks Closes By Regulators
8 minutes ago ago from Smart and silly
Seven banks closed Friday bringing the number of failed to 140. Two banks in California, along with those in Florida, Alabama; Georgia, Michigan and Illinois shuttered by Federal Regulators. The banks in California were the largest seized First Federal Bank of California-based in Santa Monica near Los Angeles. One of the oldest banks in Southern California, founded in 1929 at the start of the Great Depression. Ironically, the banks ...
Related contentCalif.'s Imperial Capital Bank, 5 others, closed (Fort Wayne Journal Gazette)
20 hours ago ago from OnlineCash.com
WASHINGTON Regulators have shut down Imperial Capital Bank in La Jolla, Calif., bringing to 138 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.Source:Calif.'s Imperial Capital Bank, 5 others, closed (Fort Wayne Journal Gazette)
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12 minutes ago ago from a small room on the top floor - Windows Live
CHINA: ‘The world does not have Money to buy more US Treasuries’ Zhou Xin and Jason Subler ShanghaiDaily.com Sun day, Dec 20th, 2009 IT is getting harder for governments to buy United States Treasuries because the US’s shrinking current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday. The comments by Zhu Min, deputy governor of the People’s Bank of China, referred to the ...
Related contentVenture Capital Business Model
1 hour, 25 minutes ago ago from Blog of Intellectual Capital
Here is some interresting thoughts from MondayNote . Limited Partners, LP, institutions or individuals put money into the fund. We, the General Partners, GP, make and manage the investments and we split the profits with the LP as the sole compensation for our services. Over time, the split has varied with the industry’s prosperity and the fund’s reputation, it went as high as 35% of the profits for the GP but, as this WSJ story ...
Related contentThe Credit Crisis is Not Over Bob Chapman
9 hours ago ago from Dprogram.net
As we look back and this year comes to an end we find two plus years of failure. Even government admits to 1-1/2 years of negative growth a sorry record after having poured trillions of dollars into the economy. The recent 3rd quarter results supposedly broke that record. If it did it was the result of government stimulus and Fed monetization. If you look back further you will find a stock market that rallied 54% just to reflect the highs of ...
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