Regulators seize control of 2 credit unions - Political Ravings Forum

Political Ravings Forum - Politics Forum » Political Issues » Worldwide Economic Issues » Regulators seize control of 2 credit unions

Worldwide Economic Issues A place to discuss the worldwide economic disasters looming. The problems that face the economy in the 2000's will make 1929 look like a walk in the park. Let us discuss this "Perfect Storm." What are your thoughts on the economy? No matter WHERE in the world?

Political Ravings Forum - A Forum For Political Junkies
Sponsored Links

Thread Tools

Rate Thread

Display Modes

Regulators seize control of 2 credit unions

03.21.2009

WiseOne

Political Forum Owner

Join Date: Sep 2007

Location: Big Sandy, TN

Posts: 1,155

Last Seen: 03.29.2010

Persuasion? Independent

Political Blog: 1

Regulators seize control of 2 credit unions

Quote:

WASHINGTON (AP) -- Federal regulators on Friday seized control of two large institutions that provide wholesale financing for U.S. credit unions, a move they say was needed to stabilize the credit union system. The National Credit Union Administration said it has taken over and put into conservatorship the two corporate credit unions, U.S. Central Federal Credit Union, based in Lenexa, Kan., and Western Corporate Federal Credit Union, in San Dimas, Calif. U.S. Central has about $34 billion in assets while Western Corporate, known as WesCorp, has an estimated $23 billion in assets.

Read More Here >> Yahoo Finance

WiseOne's Comments, well there goes two more. This is amazing to watch and should have never happened!

__________________

Reform Government
...take that $13 bucks and shove it up their butts!

Hillary For President
...do YOU want Hillary For President?

Truck Forum
...making sense of the trucking industry

...I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones. -- Albert Einstein

________________________________________

Remove This Ad By Registering. Join Our Political Forum For Free. Sponsored Links:

Tags

bank failure, financial news

« South Carolina's Sanford to become first governor to reject funds | Dollar Posts Largest Weekly Drop Since 1985 »

Thread Tools
Show Printable Version Email this Page
Display Modes	Rate This Thread
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode	Rate This Thread:

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Forum Jump

Search Engine Friendly URLs by vBSEO

Political Forum Disclaimer: All content, information and opinions (collectively, the "Material") presented on Our Political Discussion Board at PoliticalRavings.com are those of the authors of posts and messages (collectively, the "participants") and not Political Ravings. Political Ravings does not guarantee the reliability, completeness, accuracy, timeliness or up-to-date-ness of the material presented on our Political Forum. The material is published "as is," and does not represent the official views and opinions of Political Ravings or any company. Any reliance upon the Material presented on these forums shall be at User's own risk. Political Ravings does not review the substance of the content posted by users on these forums and is therefore not responsible for any of such content. Political Ravings Forum merely provides a space for its users to express and exchange their own opinions. Privacy: Google, as a third party vendor, uses cookies to serve ads on this site. Google's use of the DART cookie enables it to serve ads based on your visit to this site and other sites on the Internet. Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.