All Posts Tagged FDIC

Wells wins Wachovia – Citigroup Whines (UPDATED)

October 3rd, 2008 | 2 comments

Citigroup thought it had Wachovia in the bag – a couple of billion and an FDIC backstop seemed quite the rosy deal. Now Wells Fargo has come along and offered $15 billion, without discernible government assistance. What does Citigroup do about this? Whine like sissies while hiding behind their lawyers. Citi is a member of [...]

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Bank run compliments of Congress?

July 1st, 2008 | No comments

Senator Chuck Shumer questioned IndyMac Bank’s growth, publicly. IndyMac responds (after noticing a jump in withdrawals last Fri/Sat). While I find the whole grandstanding bit laughable, IndyMac’s response is peppered with FDIC assurances – that’s not particularly comforting. (h/t to Calculated Risk) UPDATE: Senator Shumer…please shut up.

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Watch your gov’t sponsored email

August 3rd, 2005 | Comments Off

The US Office of the Comptroller of the Currency is warning consumers not to respond to any email from them (because it isn’t from them, you nut!). The emails in question ask recipients to verify personal information because of money the agency is holding (presumably for them). The spam claims that the federal agencies are [...]

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