I could only find one bank failure today.
What's this country coming to?
Of course, the fact our big banks need additional BILLIONS in bailout money -- this after rigging the "stress tests" in their favor -- restores my "confidence" in "The Masters of The Universe".
On Friday, May 8, 2009, Westsound Bank, Bremerton, WA was closed by the Washington Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
9 hours ago
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