Two more banks fail- July 28, 2008 Saw this on market watch. I don't think we've seen the last of this. Two more banks were shut down by federal regulators late Friday, who sold the banks' deposits to Mutual of Omaha Bank. It brings to seven the number of bank failures so far this year. The Federal Deposit Insurance Corp. said it was appointed receiver of First National Bank of Nevada, based in Reno, Nev., and First Heritage Bank of Newport Beach, Calif. - both units of First National Bank Holding Co., of Scottsdale, Ariz. Click.http://blog.chromial.com/2008/07/28/two-more-banks-fail.aspx?ref=rss True Story- July 2, 2008 An excerpt from Forbes.comI'd like to follow in this guy's footsteps but, I don't have an 819 FICO or 22 grand to put down. There's still plenty of room for little guys, says Leipzig, a classic up-by-the-bootstraps entrepreneur. A high school graduate, whose father was a unionized autoworker, he worked his way up from stocking grocery shelves to being a store manager at Cub Foods in Milwaukee. Leipzig first tried his hand at real estate eight years ago, when he put down 3% of the $747,900 sale..http://blog.chromial.com/2008/07/02/true-story.aspx?ref=rss |