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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (22724)	9/28/2007 5:23:11 PM
From: Snowshoe	Read Replies (1) \| Respond to of 219928

Regulators Shut Online Bank NetBank __________________________________________________ biz.yahoo.com Friday September 28, 5:05 pm ET By Alan Zibel, AP Business Writer FDIC Appointed Receiver for NetBank, Which Failed Because of Loan Defaults and Other Problems WASHINGTON (AP) -- NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because of an unsustainable level of mortgage defaults. <snip> NetBank had $109 million in deposit accounts that exceeded the FDIC limit. Those customers will become creditors in NetBank's receivership, the FDIC said. The FDIC has a toll-free number for customers affected by the failure:1-888-256-6932. <snip>