Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (372707)	8/12/2008 12:32:44 PM
From: Cynic 2005	Read Replies (1) of 436258

Looks like two more banks could go under soon. Vineyard National Bancorp of Corona said Monday that housing-related losses and depositors’ withdrawal of funds after IndyMac’s collapse have cast doubt on its future and it must raise substantial amounts of capital to continue operations through this year. latimesblogs.latimes.com DSL 1.70, -0.40, -19.3%) also said that it's experienced "elevated" levels of deposit withdrawals after reporting a $218.9 million second-quarter net loss in late July. The company stressed that net deposit inflows returned more recently, but also warned that if outflows resume it would have to raise new capital or borrow more to meet liquidity needs. marketwatch.com{E42720CE-B4FB-48E5-8959-9CE189BFFC2C}&dist=TQP_Mod_mktwN

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