FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.

Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.

Archive for: September, 2007

NetBank

NetBank

NetBank, Alpharetta, Georgia, with approximately $2.5 billion in assets and $2.3 billion in total deposits was closed.  ING Bank, fsb (ING DIRECT) has agreed to assume $1.5 billion of the failed bank’s insured non-brokered deposits. (PR-81-2007)

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