No sooner than this author finished typing up the story about a credit union failure, here comes the FDIC with a hold my beer we […]
07.10.26 Bank Failure Friday Returns: Kentland Federal Savings and Loan Fails
No sooner than this author finished typing up the story about a credit union failure, here comes the FDIC with a hold my beer we found a truly community bank to shut down. From the FDIC website: Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association July 10, 2026 WASHINGTON—Kentland Federal Savings and Loan Association of Kentland, Indiana was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana (no affiliation with Kentland Federal Savings and Loan Association) to purchase substantially all assets and assume all deposits of Kentland Federal Savings and Loan Association. …
07.10.26 Bank Failure Friday Returns: Kentland Federal Savings and Loan Fails
No sooner than this author finished typing up the story…
Credit Union Failure Friday: WeDevelopment FCU Conserved
Happy Birthday to America, we hoped you enjoyed the party,…
Now that Q2 2026 is Over, Prepare for the Crash
Twenty years. It's been twenty years since I've read a…
The Precious Metals Panic Continues
The headlines and stories continue to reflect the panic gold…
Today’s Census Bureau Housing Data Propaganda Release
The most amazing thing that I have witnessed in my…
Credit Union Failure Friday: WeDevelopment FCU Conserved
Happy Birthday to America, we hoped you enjoyed the party, the hangover, the new all time highs in our casino, and of course peace in […]
Now that Q2 2026 is Over, Prepare for the Crash
Twenty years. It’s been twenty years since I’ve read a BIS (Bank of International Settlements) report which actually has created some level of concern for […]
The Precious Metals Panic Continues
The headlines and stories continue to reflect the panic gold and silverbugs, at least the newbies, are feeling from the rapid rollover and decline in […]
Today’s Census Bureau Housing Data Propaganda Release
The most amazing thing that I have witnessed in my lifetime is the evolution of data reporting by governments, corporations, and the rah-rah news media […]
American Housing Questions the Media Never Asks
If the National Association of Realtors asks the following question: Then why did Progressive Insurance start offering “first time buyer’s assistance” to buy a new […]
Today’s Equity Warsh Out
As the world turns, or is it as these pages warned? Way, way, way back in ancient history on May 25th of this very year […]
The BLS Lyin Eyes CPI Strikes Again
You can’t hide your lyin’ eyesAnd your smile is a thin disguiseI thought by now you’d realizeThere ain’t no way to hide your lyin’ eye […]
OMG (Oh My, Gold let’s freak out time)
And of course, silver. There is a lot of freaking out today about the fact that gold crashed through the 200 day moving average and […]
Driving With Only a Rear View Mirror
America has a massive problem that everyone is denying and refuses to admit. The financial community, especially the online and broadcast media prefers to drive […]
Marigolds, LBJ, and Tehran
The number of Americans who have a clue about this title probably is under 100 out of 350 million. What the hell does a common […]
Warsh, Rinse, Repeat
Meet the new boss, same as the old boss. With those prophetic words uttered by The Who, America welcomes a new Chair to the Federal […]
What if the Bond Market Isn’t Warning About Inflation
The common theory being propagated by the media is that because CPI and PPI came in hot last week, the new Federal Reserve Chairman Kevin […]
Credit Union Failure Vacation Edition: Jackson Area Federal Credit Union in Jackson, MS
I go on vacation to the tropics for a week and what happens the day I leave? That’s right my friends, the National Credit Union […]
05.01.26 Bank Failure Friday Returns: Community Bank and Trust LaGrange, GA
It’s been a while, but here we go again. From the FDIC website tonight: Anchor Bank Assumes Insured Deposits of Community Bank and Trust – […]