Just when you hope its safe to go back in the water Federal regulators just shut down another bank. Kansas Bank Columbian Bank and Trust Co. Turmoil and more bank failures are to be expected during the next year. Is the worst over yet? Maybe and maybe not.
The stated reason is still the mortgage crisis continuation. Smart clients are diversified. Diversification reduces risk and smart non bank diversification significantly improves the yield you can get without any appreciable change in risk
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Tags: Add new tag, Bank Failure, Banks, investment diversification, non bank alternatives
August 25, 2008 at 11:27 am |
WHAT’S IN YOUR WALLET?
NEWSWIRE–A Kansas bank has become the ninth closed by federal regulators this year, amid bad real estate loans and falling housing prices.
Not dollars or drachma or krona or kips,
No sheqel or shilling or rand,
Not ruble or rupee or money in clips:
No sawbuck, a fifty, a grand.
Not penning or fenning or guilder or gold,
No euro or florin or francs,
What we’re counting today is not bills that will fold,
But banks.
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