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hedgefundguy

ONE!

One was this week's lucky number for
FDIC Friday!

The bank closed was:
Palos Bank and Trust Company, Palos Heights, IL

It cost the FDIC $72.0 million

110 banks closed this year vs. 77 last year at this time.

Sorry no winners this week.

FDIC Friday! Scoreboard
------------------------------
jouris 3
Tzimisces 2
Doug 2
HFGuy 1
AnterraCon 0
Jer_X 0
NotAGenius 0
OneAegis 0

Regards

hedgefundguy

Re: Getting the housing market...

How about lenders returning to sane standards such as decent
credit scores, limiting homeowner mortgages to 2.5x thier income, and checking that thier credit card limits are sane?

Remember, it was the sub-prime loans that pushed up the "value" of homes, and people used the extra "equity" to borrow and spend via the HELOCs.

I don't see the value of securitizing loans. My home loan (old days) was bought and sold by different instituions. If I were to have run into a problem, I could call the institution and work something out. Under securitization, I'd probably be chasing after whichever daytrader owned the bundle in which my loan was in.
---
Re:False Choice

Sorry, couldn't read it. I have enough passwords, and I subscribe to the Economist.
---
Re:Such a silly analysis

I already slammed the teenage job article.

Regards

hedgefundguy

What are all of these numbers everyone is putting in?

Well, it's thier guesses for this week's
========================
FDIC Friday!
========================

They are guessing how many banks the FDIC will close tonight.
Last week it was one bank closed.

Since June 1st, the weekly number of banks closed on Friday have been: 3,1,1,3,4,6,7,5,1

I'll go with 2 banks closed tonight.

Get your picks in,
as you can't win if you don't play.

Regards

(Doug, Jer_X, jouris, and Tzimisces, I got your numbers)

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