credit unions

November 5th is the date of the planned action. CNBC video below

Follow the money - BBC News "Find out how the money was spent and what it means for the taxpayers who have funded it" To the victors, the spoils: a post-Lehman scorecard | Reuters A year after their high-speed takeovers,…

There is an effort underway to install the Federal Reserve as super-regulator for all banks and financial institutions, concentrating power in one institution. I find these efforts one of the most disturbing outgrowths of the financial…

It looks pretty clear that the U.S. regulators are going to clean house this year -- at least with small banks.  Hundreds of small banks and credit union will go into receivership in 2009.  However, big banks are getting a free ride. First…

The National Credit Union Administration (NCUA) has put Eastern Financial Florida Credit Union into conservatorship, an institution with $1.6 billion in assets. This looks to be the busiest day for regulators since the crisis began.  4…

From the Wall Street Journal: In the latest dramatic move by federal authorities to prop up the nation's banking system, regulators late Friday seized control of the two largest wholesale credit unions in the U.S. after finding that…

Apparently, a new market of peer-to-peer lending has popped up , where banks are no longer a part of the lending proposition. Loans are made directly peer-to-peer. Whether this is a reaction to tight credit or some weird new innovation due…

I wish it were not so, but it is increasingly obvious that every part of the financial sector in the United States is infected by this menacing plague of credit losses and writedowns. Now it comes to light that the five biggest U.S. credit…

Apparently the credit crisis is claiming victims in the financial sector everywhere including this New London, CT credit union and its investment manager. Obviously, credit unions aren't immune either.The 82-year-old broker who handled…

As the financial sector melts down, one wonders which institutions are the safest: smaller local banks, money center banks, super regionals, credit unions. Credit unions are certainly something to think about because they offer high rates…