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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: IngotWeTrust who wrote (81904)	2/12/2002 7:04:20 AM
From: long-gone	Read Replies (1) of 116759

U.S. Shutters Internet Bank Mon Feb 11, 1:32 PM ET Jay Lyman, www.NewsFactor.com In what is being called the first government shutdown of an Internet-only bank, the Office of the Comptroller of the Currency (OCC) closed down Phoenix, Arizona-based NextBank, which offered jumbo certificates of deposit (CDs) over the Web. The OCC said it acted after discovering that NextBank, which was purchased by San Francisco, California-based California-based NextCard in September 1999, "was operating in an unsafe and unsound manner and had experienced a substantial dissipation of assets and earnings through unsafe and unsound practices." (cont) story.news.yahoo.com

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