Shenandoah

I shall re-publish the archives as image files only next week. This means if you want to comment, well, TOO FREAKING BAD as you had a chance for over two years to do so. I will put them up fo reading purposes only to validate everything that I have predicted and said up to this time. If you don’t like it, buy my domain for a bargain price of $1,373,932.86 and you can make me bark like a bitch dog. -:)

Gang, I’m trying to adapt to this new version of WordPress and the inherent BUGS that come with it or my ignorance on functionality so bear with me over the next week or so as I work them out.

Thanks,

John

by John Galt

August 30, 2009

While I have been plugging away trying to improve things and working like an insane man, the FDIC has been busy, busy, busy. In the last two weeks another big bank has imploded (Guaranty) and the FDIC came out with a report claiming the DIF is healthy even though their own numbers from June 30th would reflect an over $300 million deficit after this past Friday’s 3 closings. Ah well, it’s only our paper funny money that they can print and party on with. Without further ado, the weekly update returns and here is the latest map of bank and credit union failures.

At the pace we are moving with the failures and bids for Corus being extended, all I can suggest is that this will not end well gang.

Be prepared for a wild September as this map runs out of room and FAST.

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P.S. – Watch for the bidding wars next week for Corus heading into Labor Day weekend; that should be very interesting with the revised FDIC rules.

Just a quick update gang. I heard every complaint. I heard how hard this was to read. I listened to the AHHHHHHHHHHHHHHHHHHHHHHH of brokers, realtors and readers trying to read what I have to say. I did archive the old blog but instead of keeping a mega file list with just WAY too much old information, I thought that with the start of September of 2009 and the new era we are entering it is time to crank out all new fun and games DAILY to warn you as to what is coming and hopefully save one person daily from the agony of ignoring history.

I do remind everyone though about my DISCLAIMER:

This blog is for displaying my opinion only. Any news or links are the subject matter of those sources and not necessarily the opinion of the author. The financial information is OPINION unless otherwise stated. All information presented on this blog is not investing advice nor recommendations for investing decisions. If you wish to use this information for your own personal investing decisions, you do so at your own risk. The author of this blog advises you seek a professional financial adviser for all matters regarding personal investments. The author shall not be held responsible for the actions of others nor decisions made based on the information presented within these pages.

Please be patient…I shall be up by August 31st and will not miss the “big show”…
John