Six individuals were arrested in the Murder of Geeta Aulakh, a London woman, who was left in the streets of London to die. She was found with her right hand cut off and severe head trauma. Guess who was involved in the attack (and is now under arrest) – her estranged husband.
Partners Bank, a small bank in Naples, Fla., with $68.7 million in assets and $63.4 million in deposits.
The other banks that failed were Hillcrest Bank Florida, also based in Naples, which had $83 million in assets and $84 million in deposits; Flagship National Bank in Bradenton, Fla., with total assets of $190 million and total deposits of about $175 million; and American United Bank in Lawrenceville, Ga., with $111 million in assets and $101 million in deposits. Also failing were: Bank of Elmwood in Racine, Wis., with $327.4 million in assets and $273.2 million in deposits; Riverview Community Bank, based in Otsego, Minn., with $108 million in assets and total deposits of about $80 million; and First Dupage Bank in Westmont, Ill., with $279 million in assets and total deposits of $254 million.
Partners Bank, Naples, Fla., with $68.7 million in assets and $63.4 million in deposits;
Hillcrest Bank Florida, Naples, Fla., which had $83 million in assets and $84 million in deposits;
Flagship National Bank, Bradenton, Fla., with total assets of $190 million and total deposits of about $175 million;
American United Bank, Lawrenceville, Ga., with $111 million in assets and $101 million in deposits
Bank of Elmwood, Racine, Wis., with $327.4 million in assets and $273.2 million in deposits;
Riverview Community Bank, Otsego, Minn., with $108 million in assets and total deposits of about $80 million;
First Dupage Bank, Westmont, Ill., with $279 million in assets and total deposits of $254 million.
The FIDC expects the above failures to cost the Deposit Insurance Fund roughly $356 million dollars. This video of Shelia Bair, chairman of the FIDC, states (in regards to insuring funds) “We are the government…we cannot run out of money.”
Usually when people in power tell me not to worry, that is the time to worry… just think of how many CEO’s have said “We are not going bankrupt” only to see the company go down the tubes a month later?
Frankly, at this very moment, I am not sure what to think.
The other day I wrote the economic reality we live in, and one of my comments was about the potential for a “trigger event” that could push the economy into a huge tailspin. Rob Kirby, an economist and financial markets writer, just wrote a very interesting article regarding the gold markets.
Cutting to the chase of the article titled “Central Banking: A Blight On Humanity” gives us this:
To summarize: Banks like J.P. Morgan Chase and Deutsche Bk. – who sold endless amounts of gold futures at prices of 950 – 1025 and then tried to make “side deals” with the folks they sold the futures to – offering them spot + 25 % [let’s say 1,275 per ounce] to settle in fiat – only after their counter parties demanded substantial tonnage of physical gold bullion.
Stunningly, if accurate [and there is absolutely no doubt in my mind that this is not accurate], this means that gold is already in SEVERE backwardation and this fact is being hidden from the public.
Then, to protect the “integrity” of the futures market as a ‘price discovery mechanism’ – Central Banks – aiding and abetting – plunder the sovereign assets of their respective countries to bail out their agents / friends in an attempt to ‘sweep the whole bloody mess under the carpet’.
To summarize: Banks like J.P. Morgan Chase and Deutsche Bk. – who sold endless amounts of gold futures at prices of 950 – 1025 and then tried to make “side deals” with the folks they sold the futures to – offering them spot + 25 % [let’s say 1,275 per ounce] to settle in fiat – only after their counter parties demanded substantial tonnage of physical gold bullion.
Stunningly, if accurate [and there is absolutely no doubt in my mind that this is not accurate], this means that gold is already in SEVERE backwardation and this fact is being hidden from the public.
Then, to protect the “integrity” of the futures market as a ‘price discovery mechanism’ – Central Banks – aiding and abetting – plunder the sovereign assets of their respective countries to bail out their agents / friends in an attempt to ‘sweep the whole bloody mess under the carpet’.
If this is true, and something like this actually does become public, the world economic markets are facing a huge upset that would have the potential to dwarf last fall.
For the record, Rob Kirby has a solid track record on his economic analysis and financialsense.com provides great economic views and information – translation: Rob knows what he is talking about.
If you don’t know by now, 48 year old George Sodini walked into a LA Fitness gym, tuned off the lights and started shooting. Sodini ended up killing three people and injuring 10 others before turning the gun on himself.
How was the man described – “a bit of a recluse”. If you read his journal entries; however, you’ll see recluse doesn’t accurately describe this man.
If you don’t know by now, 48 year old George Sodini walked into a LA Fitness gym, tuned off the lights and started shooting. Sodini ended up killing three people and injuring 10 others before turning the gun on himself.
How was the man described – “a bit of a recluse”. If you read his journal entries; however, you’ll see recluse doesn’t accurately describe this man. What I cannot figure out is if he knew there was mental health issue and he should have looked for assistance – or if he knew assistance was available – or is this was a complete break from reality. The common themes – race, no sex for years, 30 million women reject him.
It turns out some in Dubai did not like the criticism and attempted to turn the tables. Sultan Sooud Al Qassemi wrote “If you think Dubai is bad, just look at your own country” as a reply. Being a fairly neutral party, seeing I have no vested stake in either country, I think the Sultan’s response falls quite short – especially compared takes place in Dubai on a daily basis. Let’s break it down.
“The Dark Side of Dubai” in part stated:
Pitched as an adult Disney Land when it is not
If you cannot pay your debt, you go to jail
Legal proceedings are only in Arabic, if you cannot understand Arabic you are out of luck
City build largely by forced/slave labor
Poor housing conditions for the forced/slave labor
The “melting pot” mentality that is marketed is not true
City built by no usable water, exhausting natural resources
Sea water pollution is so bad the bacterial level is too high to count
“If you think Dubai is bad, just look at your own country” in part stated:
380,000 homeless people in UK
12,000 women to prison sent to prison in 2006
Had Given refuge to 400 Nazi war criminals
One in every 23 teenage girls had an abortion and in 2006
Mortality rates from liver diseases due to alcohol abuse have declined in Europe in recent decades but in Britain the rate trebled in the same period reflecting deep societal failures
It almost feels as if Sultan Sooud Al Qassemi is trying to excuse the actions of his country by saying others have done things as well, so it is quite OK for us to do the same. Furthermore a number of the items on the full list are from the PAST, almost 80 years in the past and have been acknowledge by the United Kingdom as errors and missteps. Dubai continues to live with their problems, in plain sight, acting as if there is nothing wrong.
Every country has problems, no one is perfect, but some are light years ahead when it comes to societal development. To me, it sure looks like the UK has the leg up in this race.
Over the past several years, Dubai caught the attention of the world.Major construction projects, the likes of which were largely unseen before, suddenly started popping up in this small UAE country.A country that went from having very little in the way of infrastructure to hosting the largest, free standing, man made structure in a matter of 15 years, things seemed to be heading in the right direction… Seemed…
It appears there the expansion wasn’t completely driven by the oil revenue the UAE had become accustom to.It seems a large part of the growth was also drive by, you guessed it, credit.Now that credit has dried up world wide, the construction has slowed or stopped.Major high-rise projects are virtual ghost towns as developers run out of money and labor is left to find for itself.
Turns out that Dubai, the modern city of the UAE, really is what people could call a bait and switch.The expats who move to the country have no rights, the labor who go to work on construction are basically slaves, the government freezes your assets if you loose your job, public health and sanitation is non-existent…
This is a long story, one I cannot even begin to capture properly, but I do suggest you take the time to read it – even if you do it in bits.
According to a news release from Derek Armstrong, author of “Drew Peterson Exposed,” the engagement comes even as Peterson’s fourth wife Stacy Peterson is missing and he’s under scrutiny in the death of his third wife, Kathleen Savio.
The engagement continues Peterson’s pattern of courting women less than half his age and proposing while still married.
Peterson confirmed that the woman has accepted, despite the fact he’s a suspect in the death of his third wife Kathleen Savio and implicated in the disappearance of his fourth wife Stacy—to whom he is still married.
“Yes, we’ve been dating four months,” he said.
There are SO many things wrong with this situation. Let me count the ways..
One dead wife
One missing wife
Still married
He’s a douche
History of domestic abuse
There is also a history of this guy dating women younger than him (significantly younger) than him, and there is nothing wrong with that, but I have to question if this woman is emotionally ready to deal with the stress that will come with this.
Hell, I can’t even manage my own life at 31…
I actually had a Drew Peterson sighting about a year ago when visiting my parents. We went out to dinner at a local place, and as we were leaving we passed Peterson sitting in a booth with a stunningly attractive woman.
For starters, the guy is no looker. Second, the whole “missing wife” seems suspect… but what I don’t get is HOW and WHY he continues to get women. Do they not understand the risk they face with this man?
Peterson seemed surprised by the media buzz surrounding his new engagement. “I can’t believe this is happening,” he said. “How the f— did this get out?”
Posted (Van Santos) in Business, Scary on November-18-2008
I want you to take two minutes to watch this video…
So, there are 137 pages of foreclosures listed in the Wayne County paper. I wanted to figure out how many that comes out to so I did a bit of research. According to foreclosure.com, Wayne County has 6,677 properties in forclosure.
My first reaction is WOW! That is a lot of property. So, what about where I am, what about Cook County…. well, Cook County has 10,842 properties in forclosure. Wayne County doesn’t look so bad any more, but wait.
Look at more of the evidence.
Wayne County has 1.9M people living within it’s borders, Cook has about 5.3M people. That means there is 1 forclosure for every 284 people living in Wayne County, where as Cook County has 1 for every 488 people.
The unknown is how many foreclosures does Wayne County has in a normal market? It looks like they may really be hurting, but is this far from the average?