Anatomy of a bank failure: When the liquidators come calling

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Anatomy of a bank failure: When the liquidators come calling

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06-29-2008, 03:12 PM

michaelr

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Join Date: Dec 2006

Location: The Great State Of Washington

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Anatomy of a bank failure: When the liquidators come calling

Quote:

STAPLES, Minn. — At 7 p.m. on Friday, Mayor Chris Etzler walked through the back door of First Integrity Bank. The lobby should have been closed for the weekend, but dozens of strangers in dark suits were bustling about with laptops and file boxes. Someone had just delivered 32 pizzas.

Here..........

There are an expected 300 banks due to close their doors, not branches but banks.

IndyMac appears close to collapse

Bank of America to lay off 7,500 after Countrywide deal

Thank you G. W. Bush!

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