by John Galt April 28, 2017 23:20 ET Welcome back to FDIC Bank Failure Fridays! Tonight’s failure will cost taxpayers, er, the FDIC Deposit Insurance Fund over $996 million dollars which means this is no small hit. Here is the full press release and get ready for a larger wave of bank failures as we move into the second half of 2017: Whitney Bank, Gulfport, Mississippi, Assumes All Transactional Deposit Accounts of First NBC Bank, New Orleans, Louisiana FDIC to Mail Checks to Holders of Time Deposit Accounts, Including IRAs and…
by John Galt April 25, 2017 04:40 ET Hmmmm, 1.17%. Hmmmm, last time this high March 2009. Nothing to see here, move along. But that’s just the 3 Month LIBOR. The 1 Month LIBOR is stable, right? Yup, it wasn’t this high in March of 2009 so no big deal, er, uh, yet?
by John Galt April 9, 2017 00:30 ET As my loyal readers may have noticed, I have not had much to said other than random Tweets and comments on various news blogs since last Tuesday. Rarely if ever do I reveal my personal life to my audience or my friends other than what happened a few weeks ago with my lifelong friend Bobby and the death of his son. Now I personally have to deal with an issue that was unforeseen as many in our nation have: a relative with cancer….