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December 2009

Saving America’s Community Banks

(without cost to the taxpayers) On December 15, an FDIC press release revealed that the 2010 budget for the regulatory agency will nearly double, as the agency girds up for “an even larger number of bank failures” in 2010.  Over 500 institutions, mainly community based, are now on the troubled list.  The vast majority of these are likely to fail under the current regulatory regime.  These institutions are the ones …Read More

Time to Pare Some Gains?

Remember how you felt when the stock market plummeted 4500 gut wrenching  Dow points in the three short months September to November last year? This was after a quick 2000 point drop earlier that Spring. Your heart stopped pounding and you took the tourniquet off your 401K when the Dow rallied back almost 2000 points into the first week of January, 2009. Remember what happened next? (Or did you block …Read More