From the Editors of American Banker
"Ross-Led Group Lands One of Week's Three Failures
It was a busy week in banking for private-equity financier Wilbur L. Ross Jr.
After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.
The three failures, which had a combined $969.4 million in assets, are expected to cost the Deposit Insurance Fund $200 million. The Friday failures brought the total number of banks to fail this year to 149."
INSIDER TRADING PROBE.....will they finally get some banksters?
GLOBAL YIELDS ON THE RISE weekend Credit Bubble Report
"Our policymakers are acting to the detriment of our Creditors. They speak in a tone that does not inspire confidence and may likely antagonize. The Chinese, in particular, can be counted on to act in what they perceive as their own best interest."
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