No sooner than we announced the closure of First National Bank of Nevada, the news wires came in that yet another bank had been taken over by the FEDs late Friday night.
The First Heritage Bank of Newport Beach California has also been taken over by the FDIC.
Remember folks, we were one of the very first news media to issue warnings about a looming banking crisis. You probably won't see this reported on The Daily Times.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Sorry, but you were not one of the very first to issue warnings about the bank problems. It was on national news long before you picked it up.
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ReplyDeleteLook. . .SBYnews reported about signficant local foreclosures and impending real estate collapse.
If you live around here. . .you must know what has unfolded. If you don't live around here I'd advise you to drive into the City of Salisbury and go to the riverfront. The buildings fronting the river has been completed almost 2 years now. The other is boarded up. It's happening everywhere. SBYnews was on top of all it. . . I know because I among many other readers have read it here.
Does anyone know why the FDIC always seem to intercede on Friday nights and weekends?
ReplyDeleteThis seems very peculiar to me.
LOL!!! Better get a sling for your arm Joe. You're gonna need it from all the reach around pats on the back you're giving yourself!
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