Feeds:
Posts
Comments

Archive for August 28th, 2009

ATLANTA— John Kanas, owner of a private equity firm that has recently dabbled in buying up failed banking institutions, is predicting that around 1,000 banks will fail in the upcoming 2 years.  This number is significantly higher than the roughly 400 banks that the FDIC currently has on their troubled institution watch list. It probably [...]

Read Full Post »

The prospects of recovery of capital and a return on the equity investment to the taxpayer are highly speculative,” —U.S. Treasury Department, August 28, 2009. ATLANTA— Bloomberg.com is reporting that Judicial Watch, a group that advocates government transparency, obtained documents from the U.S. Treasury Department under the Freedom of Information Act that show the Department’s true [...]

Read Full Post »

Follow

Get every new post delivered to your Inbox.

Join 27 other followers