Daily Archives

2 July 2009

Failed bank 48: Rock River Bank

This is the press release from the FDIC.  Deposits of only $75 million.  Small banks are seized, big banks get bailed out, of course. Rock River Bank, Oregon, Illinois, was closed today by the Illinois Department of Financial…

Jobless claims still above 600,000

The U.S. Department of Labor released the latest data for unemployment insurance as it does every Thursday at 830ET.  The seasonally adjusted numbers reported were 614,000 initial claims and 6.702 million continuing claims. While this…

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