By Alison Vekshin and Ari Levy Aug. 23 (Bloomberg) — Columbian Bank and Trust Co. of Topeka, Kansas, was closed by U.S. regulators, the nation’s ninth bank to collapse this year amid bad real-estate loans and writedowns stemming from a drop in home prices.
Columbian Bank and Trust, Kansas, Closed, U.S., Regulators, real-estate loans, FDIC, Citizens Bank and Trust, writedowns and credit losses, Florida’s First Priority Bank, First National Bank of Nevada, Newport Beach, California-based First Heritage Bank, Pasadena-based IndyMac Bancorp Inc.
WHAT’S IN YOUR WALLET?
NEWSWIRE–A Kansas bank has become the ninth closed by federal regulators this year, amid bad real estate loans and falling housing prices.
Not dollars or drachma or krona or kips,
No sheqel or shilling or rand,
Not ruble or rupee or money in clips:
No sawbuck, a fifty, a grand.
Not penning or fenning or guilder or gold,
No euro or florin or francs,
What we’re counting today is not bills that will fold,
But banks.
http://www.newsandverse.com
Light verse, ripped from the headlines
Kevin Pierce
August 25, 2008 at 4:49 am
Dear Kevin,
Thanks for the lines and the wisdom of your insight…
free4now
free4now
August 25, 2008 at 3:13 pm