Over $6 billion has been drained from the FDIC insurance fund in 2 weeks, FDIC is now vitually broke. The banking system has big problems. Guaranty Bank is the eighth largest bank failure in US history. Last week Colonial Bank was the sixth largest. The stock market doesn’t seem to care, closing at the 2009 highs.
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It also agreed to help BB&T buy a $15 billion portfolio of Colonial’s loans and other assets by agreeing to absorb more than 80% of future losses. Under the deal, the most BB&T can lose is $500 million, the bank says, and that is only in the unlikely event that the entire portfolio becomes worthless. The FDIC is on the hook to cover the rest.
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URGENT INDY MAC FRAUD UPDATE. ROBERT PAISOLA REPORTS.. assuming its traditional role, brokered a sale of the bank’s deposits to BB&T Co. househunter: (February 13, where the FDIC is backing over $300 billion of bank bonds for Goldman Sachs, JP Morgan, etc and they are claiming it is a.
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NOTICE OF SALE PURSUANT TO CHAPTER 45 NOTICE IS HEREBY GIVEN Pursuant to a Final Judgment of Foreclosure dated April 29, 2014, and entered in Case No. 232010CA 000181CAXXXX of the Circuit Court of the Fourteenth Judicial Circuit in and for Gulf County, Florida in which U.S. Bank, National Association, as Trustee for BAFC 2007-2, is the.
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