The ruse underway there was transparent.
Posted on 08/03/2009 9:15:36 AM PDT by sheikdetailfeather
Posted: 11:44 am EDT August 3, 2009 Updated: 11:56 am EDT August 3, 2009
ORLANDO, Fla. -- Eyewitness News learned that federal agents are raiding a Colonial Bank building on Pine Street late Monday morning.
The agents are taking out boxes of documents from the building in downtown Orlando.
WFTV.com will update the story as it develops
(Excerpt) Read more at wftv.com ...
Finally, they’ve located the missing Rose law firm records. :0)
The ruse underway there was transparent.
Denninger, on Market-Ticker, mentioned that failure of anyone of 3 large banks (he named them), could bankrupt the FDIC.
I think this was one of them....
I guess Bobby Lowder can run the Auburn football program from jail.
Is it "bank run" time yet? p.s. I hope you're wrong on this...
WFTV said this bank had a lot of subprime mortgages and was given TARP money.
The Federal Deposit Insurance Corp. and the Alabama state Banking Department have set a Sept. 30 deadline for the Montgomery-based bank to raise the money. Without it, regulators could force a sale on their terms or seize the bank.
Colonial has 7.54 percent of deposits in Mobile and Baldwin counties, about $640.7 million, according to federal data.
They jumped the gun on this one - and it's not even Friday. Something's up.
The Federal Deposit Insurance Corp. and the Alabama state Banking Department have set a Sept. 30 deadline for the Montgomery-based bank to raise the money. Without it, regulators could force a sale on their terms or seize the bank.
Colonial has 7.54 percent of deposits in Mobile and Baldwin counties, about $640.7 million, according to federal data.
They jumped the gun on this one - and it's not even Friday. Something's up.
Hmmm...
bttt
(updated info):
Federal Agents Raid Orlando Bank Building
Posted: 11:44 am EDT August 3, 2009Updated: 1:13 pm EDT August 3, 2009
ORLANDO, Fla. — Eyewitness News learned that federal agents are raiding a Colonial Bank building on Pine Street late Monday morning. Colonial Bank is the main tenant in the building.
The agents are taking out boxes of documents from the building in downtown Orlando. Investigators rented a Ryder truck that may be used to load the boxes of evidence.
The investigators who are at the scene issued two warrants. They are from a special unit for the Troubled Assets Release Program. Their job is to make sure the money is being used legally and in accordance to guidelines.
Colonial Bank is based in Birmingham Alabama and investigators have found that they gave bad real estate loans, mostly here in Florida.
Orlando police officers were at scene and say the FBI requested their presence.
WFTV.com will update the story as it develops.
http://www.wftv.com/news/20264182/detail.html
Maybe pictures of Charlie Crist is a little sailor suit were stored there? Bill Nelson’s small brain stored there?
Federal Agents Raid Colonial Bank In Orlando
Report: Warrant Also Served At Ocala Mortgage Company
http://www.wesh.com/money/20265374/detail.html
Yikes! This is intriguing, eh?
Thanks for update!
FBI Agents Search Orlando Bank
Search Warrants Executed At 2 Florida Banks
http://www.clickorlando.com/news/20264552/detail.html
Yes, SE Mom, looks like WESH website has the most detailed information so far.
Any updates?
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