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Banking Industry – Consolidation by Fiat
- January 28, 2011
- Posted by: Ted Bullen
- Category: Banking, News
No CommentsToday, the Federal Deposit Insurance Corporation took over banks in Colorado, New Mexico, Oklahoma, and Wisconsin. These included: First Community Bank, based in Taos, N.M, with $2.3 billion in assets; FirsTier Bank, based in Louisville, Colo., with $781.5 million in assets; First State Bank of Camargo, Okla., with $43.5 million in assets; and Evergreen State
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Wall Street Reform And Consumer Protection – The Foxes are Eating the Chickens
- July 9, 2010
- Posted by: Ted Bullen
- Category: Economy, Financial Services, News
The Dodd-Frank Wall Street Reform and Consumer Protection Act, named for Senator Chris Dodd and Congressman Barney Frank – the two foxes who watched over the henhouses of Fannie Mae and Freddie Mac, helping to kick off the current U.S. financial crisis – was severely criticized by Deutsche Bank this week. Deutsche is a very