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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: CalculatedRisk who wrote (179358)6/19/2009 6:33:31 PM
From: RockyBalboaRead Replies (2) of 306849
 
CR: We have BFF. Opening another can of fine Heineken Beer.

A twin, so far, both traded:

On Friday, June 19, 2009, Cooperative Bank, Wilmington, NC was closed by the North Carolina Commissioner of Banks and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

fdic.gov

Nasdaq:COOP finance.yahoo.com

Cost to the taxpayer: 217MM

On Friday, June 19, 2009, Southern Community Bank, Fayetteville, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

fdic.gov

Pink: SNCB finance.yahoo.com

Cost to the taxpayer: 114MM
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