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.

Forest Lake’s Mainstreet Bank gets FDIC order to change

Posted by admin on Jan 31st, 2009 and filed under Headlines, Local News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

According to a Star Tribune story, Mainstreet Bank of Forest Lake, one of Minnesota’s largest and oldest community banks, has received a cease-and-desist order from the Federal Deposit Insurance Corp., alleging “hazardous lending and lax collection practices.” Like many community banks, Mainstreet is getting stung by loans it made to developers and builders during the [...]