by Bill McBride on 10/21/2011 08:11:00 PM
Note on McAfee: For some users, McAfee incorrectly flagged CR. I've spoken to McAfee, and hopefully this is resolved. You can check Google's site evaluation here.
Friday, October 21, 2011
Ghost profits spun from thin air
Now a prairie dog.
by Soylent Green is People
From the FDIC: Bank Midwest, National Association, Kansas City, Missouri, Assumes All of the Deposits of Community Banks of Colorado, Greenwood, Colorado
As of June 30, 2011, Community Banks of Colorado had approximately $1.38 billion in total assets and $1.33 billion in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $224.9 million. ... Community Banks of Colorado is the 84th FDIC-insured institution to fail in the nation this year, and the sixth in Colorado.That makes four today.
Posted by Bill McBride on 10/21/2011 08:11:00 PM