Yahoo posted an article on Friday — 15 Companies That Might Not Survive 2009.  It’s a list of many companies that we take for granted are around.  Not only do we take for granted having their products, but their jobs!  On this list are over 351,500 jobs on the line.  That’s scary. Â
Not all of [...]

On Friday, the FDIC and Georgia regulators shut down the third Georgia-based bank this year. The Community Bank, based in Loganville, Ga. became the 20th nation bank failure this year and was followed by two bank failures in California, making the total number of bank closures this 22.

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Breakdown:  The Community Bank Â
·         Total assets of [...]

If you would have invested $1000 dollars, one year ago, into the following investments you would get a return of:
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Bear Stearns
·     Date:  10/17/07
·     Price:  $40.50
·     Purchase:  24  Shares For $972
·     Worth Today: 0
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Lehman Brothers
·     Date:  10/17/07
·     Price:   $59.02
·     Purchase:  16  Shares For $944.32
·     Worth Today:  $1.12
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Washington Mutual
·     Date:  10/17/07
·     Price:   $29.09 [...]

After a week long debate in the Senate/ House the United States answer to the the credit crises has been a $700 billion dollar bailout of the top investment institutions in the US. Many economist disagree with the bailout, as did most Americans.
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Now it is Europe’s turn to deal with there own banks. Most of which [...]

Although congress has passed the 700 billion dollar rescue plan last week, most economist and industry leaders believe that many more banks will fail by the end of 2008 and well into 2009. The real quesiton is not when the banking crisis will end. But rather how many banks will fail in that time period. [...]

Many have argued against the passage of the government bailout bill, never the less it has passed in the US. House of Representatives today. House members are being quoted as saying, there is no liquidity in the market. This bill will help the banks get back to banking.

Most of the voices against the action [...]

It seems that Fortis is in such trouble, that European, Dutch and Belgian officials have been discussing the bank’s problems over the weekend.
An article on Bloomberg.com, Belgian, Dutch Officials Seek ’solution’ for Fortis, updates us on the status of the bank’s imminent changes.
Please discuss the topic in our new poll, Will Fortis Fail?  Or will [...]

Great article written from an inside perspective on what happens when a bank fails:
http://www.charleston.net/news/2008/jun/08/anatomy_bank_failure_when_liquidators_comes_callin/