Bank Failure #7: Charter Bank, Santa Fe, New Mexico
Submitted by
CalculatedRisk on Fri, 01/22/2010 - 5:33pm (70 comments)
in
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Albuquerque Isotopes assume toxic Santa Fe Charter Bank Debt
YouTube - Albuquerque Isotopes Mascot Orbit Dancing
Charter revoked.
Ashes to ashes
Charter to Charter, desert
Blooms with receivers
C
fudge_hend wrote:
Darren's sure working late for a Friday.
And another bank takes over itself.
Boy, I'd like to see the look on the face of whoever is paying for this nonsense.
He's just trying to get ahead.
Nemo wrote:
Nemo, easy go find a mirror.
That's an easy wish to grant nemo, just take a quick peek in the mirror.
Wasn't Beal one of the big buyers of the mortgages that the FDIC has been selling off at auction? Are they moving into live retail banks now?
I really feel bad for this guy...He was just "approved" for the "trial period". What a long road he has ahead of him.
Daily Kos: Obama's HAMP saved my home..
They're just trying to save money on letterhead and envelopes.
If a bank fails, and it reopens on a Monday, will many depositors even notice?
Mine was open the next morning for Saturday hours.
Comrade Kristina wrote:
Said the Senior to the Freshman...
DK is kind of funny in that they are about 3 years behind CR.
For Blackhalo:
Comment by Cinco-X from thread 'Bank Failure #6: Bank of Leeton, Leeton, Missouri'
Blackhalo wrote:
Too much
.
I truly do feel for him and I did write a message to the thread warning him. If he answers I'll give him specific instructions on how to at least cover his ass. Document everything, keep receipts etc. etc. I see a Wachovia employee just posted a diary over there touting the program as well. Who knows? Maybe WF/Wachovia are doing better than Saxon with their mods but color me skeptical...
I find it hard to imagine any entity more jealous of power. - BLACKHALO
Separation of church and state is something new in history. The 'priest-king' was the norm for thousands of years, along with the 'mandate of heaven' and the 'defender of the faith.' The church (aka the local 'state' religion) usually validates the political leader, and gets the people to go along with it. That's why GS was talking about "doing God's will."
Bubblisimo Gerkinov wrote:
Yet people still go there-
"We do business where no one else wants to."
Andy Beal's Conundrum
It's not every day you get to post an on-topic link to pokerworks.com.
Bubblisimo Gerkinov wrote:
Agreed. I can understand the dislike for the previous admin, but it is too much, to turn off the critical thinking for the new.
DK isn't a financial blog. It is political and social. Not all of DK is full of starry eyed Dems. There are several very good writers that regularly lambaste the
and do so accurately. The level of financial understanding here is much higher of course and that is as it should be.
scone wrote:
The church(aka the local 'state' religion) usually validates the political leader, and gets the people to go along with it. That's why GS was talking about "doing God's will."
"Screw you, I got mine" isn't the most stable basis for a unifying religion - they must have an esoteric belief system that provides unity of purpose, which is concealed from the public at large.
Start up your own bank: How to Start an Offshore Bank | Start a Bank | Banking4Bankers
I'll call mine Bank of Coruscant.
The "same name" theme suggests to me the FDIC is running out of credible acquirers.
@ Comrade Kristina - Are you and Cinco going to make up? When I scolded him for being a bad boy, he said "well, SHE started it!" then he pouted, took his ball, and huffed off. Tiresome, actually.
I didn't realize we were fighting, my bad. I did catch up on the old thread though...
Comrade Kristina wrote:
I've got him in the penalty box, he's a very naughty boy. He got very huffy with me.
YouTube - Life of Brian, very naughty boy
Is there still time for another episode of "Bust That Bank" tonight?
I'm in for 4.
albrt wrote:
Among other things...
Are we done?
When did we start?
A bank named Chater fails and I get ads for boat loans
This one was a billion dollar baby. Still, 7/month is not going to beat 2009. Step it up, Bair of America.
I see we got some new toys. I like the fatcat!
We still have another Friday in January.
2 years and counting since default. They have not yet received a HAMP mod. I wonder if/when they'll step back and ask questions
albrt wrote:
Credible? I'm not sure that means what you think it means.
From the link:
I'm a little confused about this "recklessness"-- does the author wish that the bank had never loaned them money for the house?
It is unfortunate that Premier wasn't the first bank failure of the year.
BTW, spending on Ads in the MA election was quite even even in the last week. This seems to indicate that Brown actually outspent Coakley for the whole campaign. Where do all these myths come from?
The Fix
- Ad spending tops $6 million in Mass. Senate special election
I heard that Coakley spent a lot more. I think she was running ads at a rate of 2:1 or more in prime time. I really didn't think Brown would be able to pull it off.
Mr Slippery wrote:
She have to be tad distracted with her dangerous liaison aftereffects with the big bad Charlotte bank.
Where is that from EHP?
Dead cat bounce?
Why do I feel like Bair is playing "Press Your Luck!"....
Comon... no Wamu's... no Wamu's... small millions... small millions... no Wamu's STOP!
RE wrote:
Fox News? I thought that was where all myths originate now - the Murdoch Mandate.
albrt wrote:
Hmm. I'm trying to decide who or what should count as "credible".
...
Andrew Beal Denied $1.1 Billion Tax-Shelter Loss by U.S. Judge - Bloomberg.com
Evergreen in Washington & Columbia River in Oregon
Northwest Duo
SNAFU wrote:
Yes, I wonder whether that story will grow legs over time.
you spoke too soon - two more just died
No Wamu's! No Wamu's! STOP!
Comrade Kristina wrote:
This morning! Am I the only person who wants to se harmony between left and right? Argghhh! What really ticks me off, he said I was left, and I've been proud to call myself a weasely moderate. Centrist to the core. Can't we all just get along? Well, all right, scratch that, can't we at least play nice?
dryfly wrote:
Yep, the disinformation network...
Oh well, the tide swept right past me.
Yalt wrote:
The Supremes will make it all better. That's their job.
CK
in the comments of that <a href='http://www.dailykos.com/story/2010/1/22/829006/-Obamas-HAMP-saved-my-home">blog post, skimming the comments now. There seems to be a lot of optimism that Obama is going to beat up the banks on behalf of the little guy, that a shift has happened. Interesting perspective, I feel bad for most of them though. That's not snark, an insult, or anything other than my sincere opinion.
" Where the White women at "
A triple sow cow I see.
From Columbia River to Columbia State: essentially the same. I think the FDIC is counting on customers not noticing the difference.
Same here EHP. Although I have a glimmer of hope with Volcker seemingly involved more. I also discovered this morning that the method they are using to figure our income for the mod is not according to the rules. They are taking hubbys paystub and multiplying by 52. CR posted this morning they are just now thinking of changing the rules to allow paystubs as proof of income. If that is the case how can they be using them to figure income for the modification? Shouldn't they have to use our tax return from last year for Gross income?
dryfly wrote:
Do you live in Massachusetts or the Massachusetts viewing area? I do, and based on what I saw on prime time, Coakley was running about 2 ads to every one of Scott Browns. Unless you got definitive data showing otherwise, bite me! I live here and can see the TV, and you're in a different time zone. BTW, the same ratio applied to radio advertising, and yes, I listen to the radio too-
Terry wrote:
Indeed!
RE wrote:
Where do you get your news otherwise?
Cinco-X wrote:
Definitely not at Fox. They are simply the worst in terms of accuracy. It is in fact a clear agenda driven disinformation network.
Just watch this John Steward clip:
Daily Show: Sean Hannity Uses Glenn Beck's Protest Footage Video
I'm still waiting for the apology...
all those posters care about is mortgage payment to income
they call trial payments a mod
seems to be quite a few that were employed as mortgage brokers or caught up in the remodel your way to prosperity mindset
also, for everyone mentioning a delinquent mortgage ... the shortest delinquency is 1 year
RE wrote:
Definitely not at Fox.
Neither do I, since I don't have cable. As I told Dryfly, I watch the TV here and can count, and Coakley was running roughly twice the number of ads in prime time that Brown was. If you have a source that says otherwise, let's see it-
I posted the source in my post: The Washington Post
RE wrote:
I see now, but note that:
I can assure you that if you counted the adds on TV in prime time, what I told you would be correct. Additionally, I don't view the WaPo, NYT, or Boston Globe as being any less skewed than Fox News.
Hey, since I had 6 for BFF, and we are 9 now, do you thinks its fair to count banks who just renamed themselves. They shouldn't count. Where is the higher authority here?