FDIC’s Bair: Bank Failures Will Continue at a ‘Good Clip’ This Year

Banks have stabilized since the collapse of Lehman, but “failures will continue at a good clip” this year and next, FDIC Chairman Sheila Bair told CNBC’s Maria Bartiromo Tuesday.

source; http://wallstreetpit.com/10389-fdics-bair-bank-failures-will-continue-at-a-good-clip-this-year; editor

Listed: Meticulous Arts And Crafts Replica

Newly constructed homes that imitate historical styles often miss their mark, capturing the essence of a period from the outside, but leaving the interior devoid of character.
That’s not the case for this recently built, $2.8 million, six-bedroom home in Bedford, N.Y., constructed in the arts and crafts style. The indoor details were attended to as carefully as the stone and shingle exterior: wainscoting, arched doorways and molding galore adorn the place.

Source; http://www.forbes.com/2009/10/09/bedford-luxury-zip-lifestyle-real-estate-house-of-week.html; franseca levy

‘Troubled’ banks jumped to 416 from 305

WASHINGTON - With bank failures rising, the government’s deposit insurance fund fell 20 percent to $10.4 billion in the second quarter as U.S. banks lost $3.7 billion.

Source: Associated Press

http://www.msnbc.msn.com/id/32580851/ns/business-stocks_and_economy/