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Reply #1: First, This Weekend's Bank Failure: Georgia bank fails, seventh closure of the year [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-06-09 05:42 PM
Response to Original message
1. First, This Weekend's Bank Failure: Georgia bank fails, seventh closure of the year
http://www.marketwatch.com/news/story/georgia-bank-fail...

McDonough, Ga.-based FirstBank Financial Services was closed by regulators Friday, marking the seventh bank failure of the year and the 32nd of the recession, according to the Federal Deposit Insurance Corp.
Birmingham, Ala.-based Regions Bank has agreed to assume all of FirstBank's deposits and purchase roughly $17 million of the failed bank's assets, the FDIC said.

Regions said in a statement that it marks the second time in five months that it's acquired the deposits of a failed bank through the FDIC.

LOOKS LIKE BANKING HAS A NEW LINE OF BUSINESS!
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  -Weekend Economists' Perpetual Anticipation Weekend: Feb. 6-8, 2009 Demeter  Feb-06-09 05:35 PM   #0 
  - First, This Weekend's Bank Failure: Georgia bank fails, seventh closure of the year  Demeter   Feb-06-09 05:42 PM   #1 
  - Flash! Extra! Courtesy of UIA: #8!  Demeter   Feb-06-09 07:17 PM   #13 
  - Regions advertising on cable in Arizona  Tansy_Gold   Feb-06-09 08:49 PM   #15 
  - Second, the Weather Report  Demeter   Feb-06-09 05:44 PM   #2 
  - Weather Update--S'posed to hit 50F!  Demeter   Feb-07-09 08:12 AM   #42 
     - S'posed to hit 49 here in Ohio!  DemReadingDU   Feb-07-09 09:36 AM   #61 
     - My Mom, who lives 40 miles north of Muskegon, will be ecstatic.  amandabeech   Feb-07-09 10:35 AM   #70 
        - Greetings Weekender's....  AnneD   Feb-07-09 02:32 PM   #75 
           - I spent a year in Tyler. Just a little cooler, but the egg thing holds.  amandabeech   Feb-07-09 03:34 PM   #76 
              - Ann is one I go back to often.....  AnneD   Feb-07-09 04:02 PM   #78 
  - Fed's consumer plan to start later in February  Demeter   Feb-06-09 05:47 PM   #3 
  - The Week In Review: Stimulus and bank rescue hopes boost Wall Street  Demeter   Feb-06-09 05:49 PM   #4 
  - Actual unemployment rate 13.9%: Merrill Lynch  Demeter   Feb-06-09 06:25 PM   #12 
  - SEC says magnitude of Ponzi schemes growing (And Whose Fault Is That?)  Demeter   Feb-06-09 05:52 PM   #5 
  - Stampede by banks to beat bonus crackdown: Lloyds and Barclays will both pay out millions  Demeter   Feb-06-09 06:00 PM   #6 
  - While Back At Home, They Keep Us Guessing  Demeter   Feb-06-09 06:02 PM   #7 
  - And Here's the Criticism: A "New" Bailout Plan? Hardly.  Demeter   Feb-06-09 06:05 PM   #8 
  - Perhaps we'd best read up on our 1640s British history.  Tansy_Gold   Feb-06-09 08:55 PM   #16 
     - Okay, Now I'm Going to Have to Look It Up  Demeter   Feb-07-09 02:14 AM   #18 
     - My comment was a response to yours about the British public  Tansy_Gold   Feb-07-09 06:53 AM   #31 
        - I Think The British Have Lost Their Bloodlust, Though  Demeter   Feb-07-09 07:44 AM   #34 
        - You're probably correct,  Tansy_Gold   Feb-07-09 08:06 AM   #40 
           - I Think a Lot of BlackWater Is Actually Foreign Nationals  Demeter   Feb-07-09 08:15 AM   #43 
              - I dunno. BF just finished Scahill's book and has already lent it  Tansy_Gold   Feb-07-09 08:47 AM   #55 
              - I read a while back that they were hiring a lot from Central America.  Dr.Phool   Feb-07-09 10:54 AM   #73 
        - I think we are far from retaliation. Most people have food and shelter  DemReadingDU   Feb-07-09 09:41 AM   #63 
           - Yes, true, but the growing numbers of those who don't,  Tansy_Gold   Feb-07-09 09:57 AM   #65 
              - Oh, I am alarmed, very much so. We here, are all alarmed  DemReadingDU   Feb-07-09 10:26 AM   #68 
     - The UK has a long and bloody history of internal strife  fedsron2us   Feb-08-09 04:11 PM   #122 
        - The Fruit Doesn't Fall Far From the Tree  Demeter   Feb-08-09 08:46 PM   #129 
  - China outraged after India bans all toy imports (Will the MSM Mention This ?)  Demeter   Feb-06-09 06:08 PM   #9 
  - Hooray! China has bottomed out. (Wishful Thinking Dept)  Demeter   Feb-06-09 06:11 PM   #10 
  - Get Your Madoff Fix here!  Demeter   Feb-06-09 06:22 PM   #11 
  - Plaintiffs take aim at Madoffs auditors  Demeter   Feb-07-09 08:26 AM   #48 
  - now that was good tv. cspan 3 feed was horrible though.  psychmommy   Feb-07-09 04:22 PM   #79 
  - First Rec! Whoo Hooo!!!  Tansy_Gold   Feb-06-09 08:45 PM   #14 
  - Darn.  Hugin   Feb-07-09 06:50 AM   #30 
     - You are Forgiven, Prag  Demeter   Feb-07-09 07:44 AM   #35 
        - I knew I should have gone with the second 'n'.  Hugin   Feb-07-09 07:48 AM   #38 
           - It just looks too much like "Huge" to my bleary eyes  Demeter   Feb-07-09 07:57 AM   #39 
              - Well, maybe a 'grey' dog would be a better description.  Hugin   Feb-07-09 08:17 AM   #44 
  - How Theresa Hatt Caused The Financial Crisis  Dr.Phool   Feb-06-09 10:56 PM   #17 
  - Customer disservice is an epidemic...  Hugin   Feb-07-09 06:57 AM   #32 
     - Dish Network is absolutely the worst.  Dr.Phool   Feb-07-09 07:26 AM   #33 
        - Sounds like a plan...  Hugin   Feb-07-09 07:46 AM   #36 
        - Thanks for the Tip, Doc.  Demeter   Feb-07-09 07:47 AM   #37 
           - I recently had some, er, difficulties with our local cable outfit  Tansy_Gold   Feb-07-09 08:18 AM   #45 
           - See, What I Really Need Is a Boy Friend  Demeter   Feb-07-09 08:22 AM   #47 
           - Did you forget the little sarcasm thingie?  Hugin   Feb-07-09 08:39 AM   #52 
           - No  Demeter   Feb-07-09 08:54 AM   #56 
              - So, I'm told...  Hugin   Feb-07-09 10:50 AM   #72 
                 - There Is Nobody and Nothing Lurking About  Demeter   Feb-07-09 07:09 PM   #84 
                    - If it's any consolation, you have us.  Hugin   Feb-07-09 11:03 PM   #92 
                       - the Marketeers are a Great Comfort!  Demeter   Feb-08-09 08:05 AM   #100 
                          - As you are to us.  Tansy_Gold   Feb-08-09 08:27 AM   #102 
                             - Aw, Shucks!  Demeter   Feb-08-09 08:29 AM   #103 
                                - Well, y'know, it was one of those times when I knew, without a  Tansy_Gold   Feb-08-09 09:16 AM   #108 
           - You want mine?  Tansy_Gold   Feb-07-09 08:40 AM   #53 
              - No, thanks  Demeter   Feb-07-09 08:55 AM   #57 
           - The repetitive motion injury the last eight years have caused in my data entry digit has rendered me  Hugin   Feb-07-09 08:36 AM   #51 
              - Absolutely  Tansy_Gold   Feb-07-09 08:44 AM   #54 
           - I'm the most laid back guy on the planet.  Dr.Phool   Feb-07-09 10:16 AM   #67 
  - Bad Bank/Worse Bank (Economic Geeks Are WORSE than computer Geeks)  Demeter   Feb-07-09 02:18 AM   #19 
  - More Than You'll Ever Want to Know About Pensions Around the World  Demeter   Feb-07-09 02:21 AM   #20 
  - Why don't we hear a lot more about SDRs?  Demeter   Feb-07-09 02:25 AM   #21 
  - I Wonder If Wolfowitz Wasn't Posted at IMF To Prevent This  Demeter   Feb-07-09 03:11 AM   #25 
  - Bank insolvency: tips & tricks  Demeter   Feb-07-09 03:04 AM   #22 
  - Beyond the age of leverage: new banks must arise  Demeter   Feb-07-09 03:07 AM   #23 
     - "Dear Mr. Volcker: It's the Banks, Stupid"  Demeter   Feb-07-09 03:09 AM   #24 
  - Analyst Blames OPEC for Oil Price Plunge  Demeter   Feb-07-09 03:15 AM   #26 
  - S&P forecasts 200 defaults  Demeter   Feb-07-09 03:16 AM   #27 
  - Excellent Rant on Bankers' Compensation from DU  Demeter   Feb-07-09 03:25 AM   #28 
  - A song for the times:  Ghost Dog   Feb-07-09 06:32 AM   #29 
  - You're Back! There Was Concern About You and the Weather in Spain  Demeter   Feb-07-09 08:59 AM   #58 
     - Hey! I've been around. You get used to the crazy hispanic  Ghost Dog   Feb-07-09 09:33 AM   #59 
        - Yeah, welcome back Ghost Dog!  Hugin   Feb-07-09 09:37 AM   #62 
           - Pssst. I was just now working this thread:  Ghost Dog   Feb-07-09 10:03 AM   #66 
  - Rachel Goes Economically "Ballistic"  Demeter   Feb-07-09 08:11 AM   #41 
  - What She's Based Her Rant On  Demeter   Feb-07-09 08:18 AM   #46 
  - Rachel has long been one of my favorites.  Hugin   Feb-07-09 09:34 AM   #60 
  - Bullpucky!  DemReadingDU   Feb-07-09 09:55 AM   #64 
     - Maybe They Cancelled the Dish Network Over at the White House?  Demeter   Feb-08-09 04:14 PM   #123 
  - Dave Lindorff: Gloomy Outlook from Business Experts  Demeter   Feb-07-09 08:29 AM   #49 
  - That list made me want to puke.  Dr.Phool   Feb-08-09 07:31 AM   #96 
  - Another "clown"  Tansy_Gold   Feb-08-09 04:43 PM   #126 
     - Yes, another Klown. As in "Killer Klowns From Outer Space".  Dr.Phool   Feb-08-09 05:15 PM   #128 
  - We'll know whose side he's on by his approach to cleaning up your  Joe Chi Minh   Feb-08-09 03:27 PM   #120 
  - US explores converting stakes in banks  Demeter   Feb-07-09 08:32 AM   #50 
  - Catherine Austin Fitts: Financial Coup d'Etat  DemReadingDU   Feb-07-09 10:34 AM   #69 
  - Any AutomaticEarths for us this week? n/t  Hugin   Feb-07-09 10:38 AM   #71 
     - February 6 2009: Dance to the moment you live in  DemReadingDU   Feb-07-09 11:40 AM   #74 
        - The point being made here is one I've been trying to make at least  Tansy_Gold   Feb-07-09 03:59 PM   #77 
           - I do not think that most Americans realize that when the bad times come,  DemReadingDU   Feb-07-09 04:24 PM   #80 
  - TAE: February 7 2009: The Unbearable Lightness  DemReadingDU   Feb-07-09 04:28 PM   #81 
  - So Sayeth the Nobel Laureate  ozymandius   Feb-07-09 04:58 PM   #82 
  - There You Are! Good Posts!  Demeter   Feb-07-09 07:08 PM   #83 
  - Krugman blog: What the centrists have wrought  DemReadingDU   Feb-07-09 10:20 PM   #88 
  - "This is really, really bad."  Hugin   Feb-07-09 10:29 PM   #91 
  - He Sounds More Than Discouraged  Demeter   Feb-08-09 02:09 AM   #93 
  - For Krugman to say this, it must be horrible  DemReadingDU   Feb-08-09 06:24 AM   #94 
     - We Are Only about Half-Melted, and the Ice Was Treacherous this morning  Demeter   Feb-08-09 08:01 AM   #99 
  - Krugman: What all but 5 Republicans support  DemReadingDU   Feb-08-09 07:28 AM   #95 
     - "Dear Mr. Krugman:"  Tansy_Gold   Feb-08-09 07:51 AM   #97 
        - I remember that, excellent rant  DemReadingDU   Feb-08-09 07:54 AM   #98 
  - And Instead of Slimy Tom Daschle, or Former Insurance Commissioner Sibelius  Demeter   Feb-08-09 08:16 AM   #101 
     - Ditto! Ditto!  Tansy_Gold   Feb-08-09 08:30 AM   #104 
        - Let's NOT Toss Our Cookies in This Thread, Please!  Demeter   Feb-08-09 08:31 AM   #105 
  - "Today we turn our attention to the worlds most privileged outcasts"  Demeter   Feb-07-09 07:43 PM   #85 
  - Email box update: I'm down to 4 lonely newsletters  Demeter   Feb-07-09 08:29 PM   #86 
  - Between this thread and working-daily SMW I have learned  Tansy_Gold   Feb-07-09 09:41 PM   #87 
  - Hooray!  Hugin   Feb-07-09 10:25 PM   #89 
  - Thank you Demeter  DemReadingDU   Feb-07-09 10:26 PM   #90 
  - Marketwatch: Fix the System  DemReadingDU   Feb-08-09 08:41 AM   #106 
  - Frank Rich Leads The Revolution: Slumdogs Unite! By FRANK RICH  Demeter   Feb-08-09 08:50 AM   #107 
  - For the Number Wonks  DemReadingDU   Feb-08-09 09:17 AM   #109 
     - Another Horrifying Clip:  Demeter   Feb-08-09 09:49 AM   #110 
        - So true  DemReadingDU   Feb-08-09 09:57 AM   #111 
           - If you look at the Editorials posting of the Frank Rich column  Tansy_Gold   Feb-08-09 10:29 AM   #112 
              - Spouse isn't in denial, he sees unemployment rising, businesses shutting down. but  DemReadingDU   Feb-08-09 11:59 AM   #113 
              - Hm, here's a different way to look at this  DemReadingDU   Feb-08-09 12:28 PM   #114 
              - I dunno. Sounds too Vizzini-ish for me, and look what happened to him.  Tansy_Gold   Feb-08-09 01:23 PM   #116 
                 - Hard to say. Obama may be steps ahead of the economic team, but  DemReadingDU   Feb-08-09 02:00 PM   #117 
                 - If Obama Is Sitting There Fiddling With Chess, the Economy Is Going To Roll Down Like a Tsunami Over  Demeter   Feb-08-09 04:19 PM   #124 
                    - Fiddling around  Tansy_Gold   Feb-08-09 04:31 PM   #125 
                       - I'm Dying in a Flaming Temper if I have to Die from This Incompetence  Demeter   Feb-08-09 04:49 PM   #127 
                 - "You keep using that word. I do not think it means what you think it means. "  Demeter   Feb-08-09 04:08 PM   #121 
              - DU isn't the place it used to be.  Dr.Phool   Feb-08-09 01:19 PM   #115 
              - Sigh.  Pale Blue Dot   Feb-08-09 02:01 PM   #118 
                 - Me three  Tansy_Gold   Feb-08-09 02:07 PM   #119 
 

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