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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (75192)	2/4/2000 1:36:00 PM
From: NickSE	Read Replies (1) \| Respond to of 132070

FDIC Looks for Bank Fraud Red Flags newsday.com Regulators have warned that the higher-interest loans, called subprime loans, can increase the risk of defaults for the deposit insurance fund. They played a role in some of the eight U.S. bank failures last year. The eight failures and another one in late 1998 cost the FDIC about $1 billion last year -- its biggest annual hit since the regional banking crises of the early 1990s. The failures, coming amid a booming economy, have worried regulators and lawmakers. Compounding the concern, the FDIC is predicting that as many as 20 banks could go under this year.

To: Knighty Tin who wrote (75192)	2/4/2000 2:24:00 PM
From: Tommaso	Read Replies (3) \| Respond to of 132070

Has anyone on the thread mentioned that gold is up nearly $20 an ounce today, and is this connected in any way with the developments in bonds? Correction: now up $22.60 Meanwhile, OT, I have discovered a patron saint--notice the feast day is July 6, to be celebrated as part of a really long weekend: newadvent.org