Anatomy of a bank takeover

Ever wanted to know how the process goes down when the FDIC comes to your local bank and says "Move out, we're in charge" to your bank's branch manager? This article goes thru it step by step.

Conservative lending institutions are among the many that are on Calculated Risk's unofficial problem bank list.

The biggest check ever written..

9 billion dollar check...wow....somehow, I don't think that this record is going to last too long...its the check that saved Morgan Stanley from cradling under..

The Best Investment for 2010-2020

The best stock investment for the next 10 years will be whichever bank/financial institution/lending company figures out a way to lend money to small businesses profitably and with little risk.

Simply put, this will be the BEST INVESTMENT of the next decade, short of a company finding a cure/treatment for cancer or heart disease. Why do I say that? The need is there in the form of ample demand, very limited supply, this/these lending companies can be extremely picky with who they have as customers, and they can get every kind of collateral they want. If they are or become publicly traded, these strong small business loans/lines will be the kind of paper Wall St and foreigners will need to buy. Something that is extremely tight with lending criteria, great assets as collateral, strong base of debtors, and above average returns on loans.

Anyone wanna weigh in or am I just nuts?

Anyways, here's a list of the top 10 stocks from 2000-2010 (or until November 2009)

Got Perfect Credit? It'll Cost Ya...

Let's see....banks get money from taxpayers to save their sorry behinds..check...

Now what do banks do to forthright customers who have perfect credit? They charge them for it!!

The banks are starting to charge fees to reliable customers in response to a slew of new credit card industry regulations that will limit when banks can hike interest rates. Cardholders who get a new annual fee notice in the mail will be in a no-win situation.

"They can either pay that fee or they can close the account, and if they have had the account for a while and they close it, they are potentially going to hurt their credit card score," said Woolsey.

Free For All Links to Interesting Articles

Top 6 Financial Articles of the Day:

1) Homeowners Becoming Reluctant Landlords

2) Goodbye Fannie/Freddie, hello McGee? Simply put, the MCGE buys mortgages from banks, pools them into securities, pays an insurance premium to a new government fund and then sells them to investors with government guarantees against the default of those securities. So the investors take the interest rate risk but they are not taking a credit risk.

3) Has the Obama administration failed already? Here are 10 things to do to restore their hope

4) An inventive way to clean up foreclosed homes with pools

5) Florida may invest in Florida real estate

6) Making the switch from being nice to banks to being tough on them

America: Land of the Subsidized Investment

Can't decide what's worse for our country....

1) The US underwriting offshore drilling in Brazil to help THEIR companies find oil and then sell it to us at market value... OR

2) The US subsidizing Chinese investors to invest into the US at taxpayers expense up to 6x leverage OR

3) The US about to subsidize toxic loans to banks AGAIN

Banks in trouble all around

The media has done a pretty good job of keeping quiet about it, but we are close to another banking crisis...eerily close. The FDIC is running out of money. Now there is strong news floating out that Guaranty Bank and its 14 billion in assets is about to come to a close.

The good news is that anyone wanting to know possibly which banks may be in trouble can look at this list generated by Calculated Risk (unofficial list)

http://www.calculatedriskblog.com/2009/08/problem-bank-list-unofficial-aug-14.html

Five Bank FDIC Friday Returns!

The biggest failure of the year, plus 4 other banks are making the FDIC's Friday gig a lot more work on a weekend than any other government employee has ever done!

A good article was written about 12 bubbles that are due to pop...I'll add the FDIC's bank closures as another bubble waiting to pop...they will at some point run out of money.

Banks Ignoring Foreclosures

Banks walking away from foreclosures. I saw some of this earlier this week. Properties so run down and overloaded with liens that they aren't even worth doing anything with them. What happens to a property if the lienholder doesn't take it back. I guess it eventually goes to the city for back taxes and municipal liens. What does it become then. Worthless I guess. Who would have ever thought that a building could become completely worthless.

5 Important Things To Read

1) A doctor's prescription for health care reform
2) Using solar energy for a lot cheaper than what is currently offered
3) Best time to buy anything
4) The 400 biggest banks and their troubled loan list
5) Affordability gap between renting and buying a home narrows

5 things that Piss Me Off & Show Why We're In Trouble

1) Congress is making plans to pass mandatory health care for all Americans. Yet Congress won't eat their own cooking. Anyone ever seen the plans that Congress has for themselves? If not, click here...they have great options, of which 75% are paid by the hardworking taxpayers of the US. I am not in favor of any of what Congress and the President are trying to pass.

2) Goldman Sachs, after sleeping with the government by putting their criminal CEO Henry Paulson in as Treasury Secretary, had the walls cave in on them and depended on the American taxpayer to save them via the TARP fund and becoming a "bank" instead of an investment bank. So how do they repay the taxpayer? By trying to pay back only 1/2 the TARP funds they received and keeping the rest of their RECORD profits to dole out to employees who ran illegal trading schemes that gave them an unfair advantage. Remember how Halliburton was in bed with the Republican administration of Bush? Goldman has managed to be in bed with both Obama and Bush administrations.

3) The BS employment rate...I mean the BLS unemployment rate, which the government says is 9.5% but anyone with half a brain knows is much higher than that.

4) Banks are making record profits but are not lending at all, or making you bend backward, take it in the arse, and then tell you they promise they'll call you in the morning.

5)That until the public had an outcry, the Treasury Department had a job opening for a "humor expert cartoonist"". The job offering has since been cancelled. Among the duties included:

Humor in the Workplace programs that will discuss the power of humor in the workplace, the close relationship between humor and stress, and why humor is one of the most important ways that we communicate in business and office life