Posts Tagged ‘bank deposits’
FDIC Breaks February Record; 5 Banks Fail Over Weekend
Saturday, June 27, 2009 9:41 5 CommentsIn its busiest weekend in decades, the FDIC closed 5 more banks bringing the number of total bank failures to 45 for the year. This weekend exceeded the previous record when 4 banks failed on a single weekend in February. Two of the seized banks were located in California, two more in Georgia and [...]
Investors Buy $32 Billion in Treasury Bills with ZERO Yield
Tuesday, December 9, 2008 15:26 56 CommentsToday’s treasury auction outlined the panic that still dominates the financial markets. $36 Billion in T-Bills were auctioned off today which gave a 0% yield. Why would anyone be willing to make an investment in which they are guaranteed to make nothing? The one word answer is “Fear.”
Because treasury bills are direct obligations of the [...]





















