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02 Jul 2009
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02 Jul 2009
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02 Jul 2009
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| | | Tyler Durden submits: Failure Friday is early this week: today bank shoot green all the way to the grave is John Warner Bank, from Clinton, IL. Likely more to come today.
The FDIC and State Bank of Lincoln entered into a loss-share transaction on approximately $31 million of The John Warner Bank's assets. State Bank of Lincoln will share in the losses on the asset pools covered under the loss-share agreement. The loss-sharing arrangement is projected to maximize returns on the assets covered by keeping them in the private sector. The agreement also is expected to minimize disruptions for loan customers.
Complete Story » Thu, 02 Jul 2009 16:52:17 -0400
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Thu, 02 Jul 2009 16:36:47 -0400
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 Andrew Horowitz submits: Recently, there have been several reasons why we have been stubbornly looking at the markets as overbought and due for a correction/downturn. One issue has been the general complacency of traders as can be seen in the low price of the VIX (Volatility/Fear Gauge). click to enlarge
Complete Story » Thu, 02 Jul 2009 16:07:26 -0400
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| | |  (AFP/HO/File) - Ships are seen at Rio Tinto's at Cape Lambert port in the Western Australia. The mining giant has confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt.(AFP/HO/File) Fri, 03 Jul 2009 02:56:31 GMT
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 (AFP/Getty Images) - A job seeker sits near an employment bulletin board at the New York State Labor Department's Division of Employment Services in New York City. President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound.(AFP/Getty Images/Chris Hondros) Fri, 03 Jul 2009 02:14:18 GMT
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 (AFP/Getty Images) - Unemployment advisor Shawn Morales with the New York State Labor Department's Division of Employment Services gives information to a job seeker in the Brooklyn borough of New York City. According to a Department of Labor report, US employers cut more jobs in June, causing unemployment to rise to 9.5 percent, the highest since August 1983.(AFP/Getty Images/Chris Hondros) Fri, 03 Jul 2009 02:14:18 GMT
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Thu, 2 Jul 2009 15:49:24 EDT
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Thu, 2 Jul 2009 14:52:02 EDT
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Thu, 2 Jul 2009 14:50:53 EDT
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22.98% 
33.46%