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FDIC Fund In The Negative

Wed, 25 Nov 2009 18:13:20 GMT

In its quarterly report on the banks, issued on Tuesday, the Federal Deposit Insurance Corporation (FDIC) said that the deposit insurance fund used to protect customer accounts dropped by $18.6 billion during the third quarter of 2009 to a deficit of $8.2 billion, while banks earned only $2.8 billion as loan defaults continued to hurt bank balance sheets. The agency said that the decline in the insurance fund was due primarily to an additional $21.7 billion set aside by the FDIC during the quarter for additional bank failures.[More...]

U.S. Bank Failures Hit 124

Mon, 23 Nov 2009 13:34:08 GMT

U.S. regulators on Friday closed down Commerce Bank of Southwest Florida. Though there are some early signs of economic recovery, bank failures go on growing with rising loan defaults. This takes the total number of bank failures to 124, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily on banks with a stream of loan defaults.[More...]

Mortgage Delinquencies Still Rising

Tue, 17 Nov 2009 20:07:02 GMT

This morning Trans Union, the big credit bureau, released its quarterly report on mortgage delinquencies, and it was not pretty. Nationwide, 6.25% of all residential mortgages were at least 60 days past due in the third quarter, up from 5.81% in the second quarter and 3.96% a year ago. This was the 11th straight quarter that delinquencies increased.[More...]

Bank Failures Rise To 123

Mon, 16 Nov 2009 13:19:15 GMT

Regulators shut down 2 banks in Florida and 1 in California; U.S. bank failures reach 123 this year. U.S. regulators on Friday shuttered two more banks in Florida and one in California. Though there are some early signs of economic recovery, bank failures continue unabated. This takes the total number of bank failures to 123, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily on banks with a stream of loan defaults. As the industry has to tolerate bad loans that were made during the credit explosion, the trouble in the banking system goes even deeper, increasing the possibility of more bank failures. However, the regulators are trying to avoid panic by seizing banks slowly. Also, the slow seizing could be a strategy as it is hard to get buyers for so many failed banks. The failed banks were -- Century Bank,[More...]

Massive Revolutionary Changes

Mon, 09 Nov 2009 13:47:01 GMT

A few years ago, when we first began this journey together, we warned that the U.S. government was leading us to a future banking panic. We warned about the housing bubble that was about to burst.[More...]

On So-Called Bureaucrats In Washington And The Morality Of Capitalism

Wed, 28 Oct 2009 17:02:58 GMT

Every time I hear the word ‘bureaucrat’ used to make a point for or against government’s role in the economy, I cringe. I see this label as unfair and dehumanizing.[More...]

Bankster: Dont Hate The Player, Hate The Game

Mon, 26 Oct 2009 17:57:52 GMT

In the months since I began this website, I have had some fairly harsh things to say about economic policy in the U.S., the U.K. and elsewhere. I have consistently condemned what I think is a captured government promoting an unstable financial system and a bloated financial sector.[More...]

WaMu: Mr. Smith Goes To Washington And Turns Predatory

Mon, 26 Oct 2009 13:33:00 GMT

Remember the iconic Depression-era movie “Mr. Smith Goes to Washington, in which Jimmy Stewart plays the wholesome young man in Washington out to do good? Well, Mr. Smith could just as easily have been your friendly banker at Washington Mutual.[More...]

Bank Failures Pass 100 For The Year

Mon, 26 Oct 2009 13:20:17 GMT

Regulators shut down 7 more banks in FL, WI, GA, MN and IL; total failed banks in '09 reach 106 Though there are some early signs of economic recovery, bank failures continue and the pace has picked up sharply this year. With the failure of 7 more banks on Friday, the tally has surpassed 100 this year. This takes the total number to 106, compared to 25 in 2008 and 3 in 2007.[More...]

5 Smart Management Decisions

Thu, 15 Oct 2009 14:30:12 GMT

There's no question that executives have had their hands full navigating the rocky economic environment of the past year. Although we at Morningstar prefer a quality business over topnotch management--as it is much easier for a company to change management teams than industries--recent events have brought home the point that management decisions can have a dramatic effect on a company's fate.[More...]

Home sales shoot up in November from year ago thanks to federal tax credit

Thu, 03 Dec 2009 23:58:00 GMT

Dec. 3--The deadline that wasn't helped push King County home sales up in November.
Buyers closed on 1,574 houses last month, a whopping 81 percent increase from November 2008, according to statistics released today by the broker-owned Northwest Multiple Listing Service.
In Snohomish County the increase was even more dramatic: 120 percent.

: iStockAnalyst.com Symbols Feed

FDIC Fund In The Negative

U.S. Bank Failures Hit 124

Mortgage Delinquencies Still Rising

Bank Failures Rise To 123

Massive Revolutionary Changes

On So-Called Bureaucrats In Washington And The Morality Of Capitalism

Bankster: Dont Hate The Player, Hate The Game

WaMu: Mr. Smith Goes To Washington And Turns Predatory

Bank Failures Pass 100 For The Year

5 Smart Management Decisions

Home sales shoot up in November from year ago thanks to federal tax credit

The Spokesman-Review, Spokane, Wash., Bert Caldwell column: S. Carolina's key industry might be business poaching

Banks reel from real estate deals in Myrtle Beach area

Wildlife thrives at landfill

Help smooth the trash transition

Lima council approves sewer, trash plans, rates

Prosperan purchase is model of successful bank failure: A North Dakota bank bought a failed Minnesota bank while keeping its customers and employees from panicking. Now the FDIC desperately needs more such deals to occur.

Decomposing trash at Lewisville landfill used to power homes

Turning waste into gas: Captured fuel used in trucks in south state cuts air pollution here

Linde, Waste Management commission landfill-to-LNG facility in California

LMP Capital and Income Fund Inc. as of September 30, 2009

Linde Gives Californians More Green Fueling Options

Waste Management Announces Diluted Earnings Per Share of $0.56 for the 2009 Third Quarter

Canadian Clean Energy Industry Gets a Boost

Waste Management and Terrabon Announce Investment Agreement for Waste-To-Fuel Conversion Technology

Fitch Affirms Waste Management's IDR at 'BBB'; Outlook Stable

Wallbridge Mining Announces Final Closing of Private Placement

Wallbridge Mining Announces Further Closings of Private Placements

Wallbridge Mining Confirms Conductor In Parkin Offset Dyke

Wallbridge Mining Announces Closings of Private Placements

Form 4 WASTE MANAGEMENT INC For: Dec 01 Filed by: TREVATHAN JAMES E JR (10K)

Form 4 WASTE MANAGEMENT INC For: Nov 27 Filed by: Aardsma David A (10K)

Form 4 WASTE MANAGEMENT INC For: Nov 20 Filed by: Harris Jeff M (10K)

Form 4 WASTE MANAGEMENT INC For: Nov 13 Filed by: ROTHMEIER STEVEN G (10K)

Form 4 WASTE MANAGEMENT INC For: Nov 11 Filed by: Aardsma David A (10K)

Form 4 WASTE MANAGEMENT INC For: Nov 11 Filed by: CALDWELL BARRY H (10K)

Form 4 POPE JOHN C For: Nov 06 (10K)

Form 4 Aardsma David A For: Oct 29 (10K)

Form 4 CALDWELL BARRY H For: Oct 15 (10K)

Form 4 Aardsma David A For: Oct 15 (10K)