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A Banker's Bank Goes Down

Discussion in 'General Real Estate and Real Estate Finance' started by Terrel L. Shields, May 1, 2009.

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  1. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    315
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    http://www.fdic.gov/bank/individual/failed/silverton.html

    There will be an emergency meeting. This bank lends to banks and not the public...big domino. The FDIC will create a Bridge Bank to tide it over until the end of July.

     
  2. Austin

    Austin Elite Member

    0
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Virginia
    I heard a pundit talking head tonight say that commercial defaults due to non payment of rent will skyrocket in the next three months and that the Party Chairman Obama forgot to factor that in when they predicted a recovery beginning in September.
     
  3. moh malekpour

    moh malekpour Elite Member

    0
    May 25, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    I thought Federal Reserve Bank was down as it is the Banker's Bank and the lender of the last resort. I didn't know Silverton was the bankers bank.
     
  4. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    315
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    There are lots of banker's banks - two of the best

    http://www.stephens.com/
    Biggest off wall Street

    Llama Group - Alice Walton's investment bank
     
  5. murray stroupe

    murray stroupe Senior Member

    0
    Apr 27, 2005
    Professional Status:
    General Public
    State:
    Tennessee
    Re; Silverton

    =====================
    Wonder what the real reason was, Terrel?
    Probably not conservative enough in reserves??

    Silverton should have lived its name;
    probably didn't have much natural resources, despite its name.
     
    Last edited: May 6, 2009
  6. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    315
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    All I know is what the FDIC press release said
     
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