Weekly Wrap-up: 9 Banks a-Failing
Aug 30th, 2008 | By Koye Berry | Category: Politics & EconomicsThe FDIC’s list of bank failures welcomed a new recruit as Kansas’ Columbian Bank & Trust Co. collapsed last weekend. And now the number of “problem” banks in the U.S. has jumped to 117, up from 90 in March. As always, we’ll show you how to profit from this circumstance in addition to our ongoing coverage of the conflict in Eastern Europe and the current state of the energy market.
Let’s get into this week’s wrap-up.
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Everything I Know About Investing I Learned on a Glacier
A glacier is more like a cross between a mountain and a river, because of the constant shift and flow. The experience of hiking one can range from peaceful to heart pounding; and because of the constant movement, the guides carve out new paths each day they go out. These are just a sample of the unlikely parallels between glacier hiking and profitable investing.
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The World’s Central Bankers Get Hosed Down in Jackson Hole
Just this weekend, we heard that a Kansas bank has gone the way of all FDIC-insured deadbeats. And that’s the ninth this year. Now the world’s central bankers are arguing about how to begin preventing a collapse that has been building for the better part of a decade.
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The New Energy Cold War, Part III: The Warsaw-Tehran Connection
In the third installment of our continuing coverage of the Russia-Georgia conflict, we look at the longer-term implications for oil and gas… and listen for the distant drumbeats of war. The West continues to see the whole affair as some sort of game and a chance to demonstrate moral superiority, but Russians are fighting for survival.
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15 American Banks Are About to Go Under…and the FDIC May Not Have the Cash to Cover Them!
According to the latest FDIC press release, the number of banks that may have squandered away their depositors’ cash is up 30%, quarter over quarter, the highest it’s been in more than five years. Now the corporation whose sole job is to bail out banks is in need of a bailout itself.
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Why Does Goldman Sachs Own 40,000 Acres of Empty Nevada Desert?
There’s not much you can do with empty desert. For the most part, it’s too hot and too dry to grow crops. But there is one harvest the desert offers bountiful amounts of… There’s something big going on out west. Some think of it as a new “gold rush” — and the biggest profit opportunities are still yet to come.
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How to Tap the “13F Distribution Plan” for “Free Money” Payouts of $4,570 per Month!
After years of giving special treatment to America’s financial elite, the U.S. government is finally helping the “little guy” for a change.
Here’s how to put your name on the “Free Money” payout roster…
Source: Weekly Wrap-up: 9 Banks a-Failing
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