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FDIC to seize Colonial, sell assets to BB&T: report
Reuters/YahooNews ^
| 8/14/09
| Anurag Kotoky and Sweta Singh
Posted on 08/14/2009 9:45:52 AM PDT by Kartographer
The Federal Deposit Insurance Corp is taking Colonial BancGroup Inc (CNB.N) into receivership and will sell the struggling lender's branches and deposits to BB&T Corp (BBT.N), Dow Jones said, citing a person familiar with the situation
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Business/Economy; Front Page News; Government; US: Alabama; US: North Carolina
KEYWORDS: bank; bankfailure; banking; banks; bbandt; bbt; fdic; financialcrisis; govwatch; obamasfault
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How much more can the FDIC handle before it's broke?
To: wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; ...
*Ping!*
2
posted on
08/14/2009 9:46:35 AM PDT
by
rabscuttle385
(May God save the American Republic.)
To: Kartographer
How much more can the FDIC handle before it's broke? What? They're not broke yet? I thought that ship had sailed...
3
posted on
08/14/2009 9:48:59 AM PDT
by
GOPJ
("Fishy rumors posters" Check 'em out:http://www.freerepublic.com/focus/f-news/2311664/posts)
To: Kartographer; NVDave
Its failure would be the largest bank failure since Wachovia collapsed last September. Where will it stop?
4
posted on
08/14/2009 9:51:08 AM PDT
by
GOPJ
("Fishy rumors posters" Check 'em out:http://www.freerepublic.com/focus/f-news/2311664/posts)
To: GOPJ
It will stop when the Fed finally fails.
5
posted on
08/14/2009 9:52:29 AM PDT
by
rabscuttle385
(May God save the American Republic.)
To: Kartographer; GOPJ
I’m pretty sure the FDIC has some agreement with the Fed or Treasury that it will be bailed out if it runs out of money.
6
posted on
08/14/2009 9:55:00 AM PDT
by
djsherin
(Government is essentially the negation of liberty.)
To: GOPJ
[Where will it stop? ]
It won’t stop for a looooong time. I now think most of the banks are upside down.
7
posted on
08/14/2009 9:55:43 AM PDT
by
FastCoyote
(I am intolerant of the intolerable.)
To: djsherin
..& I’m pretty sure that is already happening...
8
posted on
08/14/2009 9:58:49 AM PDT
by
norraad
("What light!">Blues Brothers)
To: djsherin
I’m pretty sure the FDIC has some agreement with the Fed or Treasury that it will be bailed out if it runs out of money. That won't work forever. Eventually the dollar will collapse...
9
posted on
08/14/2009 10:00:49 AM PDT
by
GOPJ
("Fishy rumors posters" Check 'em out:http://www.freerepublic.com/focus/f-news/2311664/posts)
To: norraad
I wouldn’t be surprised. We can’t have anyone failing and being held responsible for anything after all.
10
posted on
08/14/2009 10:01:27 AM PDT
by
djsherin
(Government is essentially the negation of liberty.)
To: GOPJ
I agree completely, but that won’t stop Helicopter Ben.
11
posted on
08/14/2009 10:03:11 AM PDT
by
djsherin
(Government is essentially the negation of liberty.)
To: djsherin
I’m pretty sure the FDIC has some agreement with the Fed or Treasury that it will be bailed out if it runs out of money.It does, but the Fed will have to print the money. The Fed claims that its vast increase in the money supply is not inflationary, and that liquidity can be withdrawn easily. But through policies like extending unemployment benefits, propping up the stock market, and now bailing out the FDIC, the money is going into the real economy.
To: Kartographer
If you own the bottomless well, what does broke mean?
13
posted on
08/14/2009 11:40:42 AM PDT
by
pointsal
To: djsherin
Don't worry, the FDIC has access to all of the “money” it needs to keep the banks open. But... soon you will be able to buy a roll of $100s to hang next to your toilette because they will be worth Less than what is hanging there now!
14
posted on
08/14/2009 11:57:00 AM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Vince Ferrer
and that liquidity can be withdrawn easily. Auf Englisch, this means... they will begin to contract the money supply, thus triggering a slow down in GDP which, auf Deutsch means new recession. In for a penny, in for a pound, they say!
15
posted on
08/14/2009 12:01:30 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
Auf Englisch, this means... they will begin to contract the money supplyThey've been reducing their balance sheet for months. All the PhDs in economics know that.
16
posted on
08/14/2009 12:35:19 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Ultra Sonic 007; 1-Eagle; 131st Scout; 2CAVTrooper; 65superhawk; 6Covs; A.P.M.; adkinsjohnnie; ...
Alabama Ping!
17
posted on
08/14/2009 12:35:46 PM PDT
by
bamahead
(Avoid self-righteousness like the devil- nothing is so self-blinding. -- B.H. Liddell Hart)
To: Toddsterpatriot
My point exactly, notice the puny GDP lately? How about some analysis, Toddster. Maybe some enlightenment? Or just more personal attacks from The Failed Obama Administration©?
Y'all losing big time lately!
18
posted on
08/14/2009 12:39:30 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
My point exactly,Your future tense point involved past actions?
How about some analysis, Toddster.
What would my favorite economics PhD like me to analyze?
Or just more personal attacks from The Failed Obama Administration©?
The Failed Obama Administration is attacking you? That's terrible.
Y'all losing big time lately!
You must have me confused with someone else.
19
posted on
08/14/2009 12:44:01 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Kartographer
I wonder if any Auburn fans can tell me what Bobby Lauder(SIC) thinks about this.
20
posted on
08/14/2009 12:49:37 PM PDT
by
political1
(Love your neighbors)
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