As Banks Go Hungry, They Feast On Fees Oct 29, 2008
Interest-bearing checking accounts for example, sound appealing, but they are not the best option for most people. They pay virtually no interest (average of 0. (Forbes -- Business)
Survey finds ATM, overdraft fees rise again Oct 28, 2008
Number of banks offering free checking accounts increases to 60 percent ... Other good news: More banks are offering free checking accounts ... That's one reason the average monthly service fee on noninterest bearing checking accounts fell to $1. (MSNBC -- Politics)
Rising bank fees are setting records Oct 27, 2008
Bounced-check fees, ATM fees, monthly service fees and balance requirements for interest checking accounts all hit highs in 2008, before adjusting for inflation, according to a survey to be released Monday by , a site that compares bank products. Even after adjusting for inflation, ATM fees stayed at their highest level ever, and minimum balance requirements for checking accounts hovered near records ... Separately, a GAO study released in January showed that while average overdraft and... (USA Today -- Money)
Bank VP pleads guilty to money laundering Oct 25, 2008
Ortiz allegedly used his position at Wachovia to open new business checking accounts for Castillo s medical companies. Once the accounts were opened, Castillo and his accomplices would submit fraudulent claims to the Medicare program for reimbursement. (South Florida Business Journal, FL)
Glacier Bancorp, Inc. Earnings for Quarter Ended September 30, 2008 Oct 24, 2008
The fee income increases are attributable to the continued growth in the number of checking accounts and related service charges. Gain on sale of loans decreased $716 thousand, or 17 percent, for the quarter and increased $326 thousand, or 10 percent, over the same period last year. (PR Newswire)
Center Bancorp, Inc. Reports Increase in Third Quarter 2008 Earnings Oct 24, 2008
Deposit Mix (unaudited) (Dollars in thousands) At quarter ended: 9/30/08 6/30/08 3/31/08 12/31/07 9/30/07 6/30/07 ------------- ------- ------- ------- -------- ------- ------- Checking accounts Non interest bearing $114,631 $110,891 $117,053 $111,422 $121,884 $127,797 Interest bearing 129,070 124,469 125,152 155,406 110,177 126,112 Savings deposits 61,623 63,918 68,028 86,341 92,789 92,474 Money market accounts 140,533 147,202 170,742 196,601 167,442 171,923 Time Deposits 231,287 174,710... (Primezone Releases)
SunTrust losing local deposits, slips to third place in D.C. area Oct 24, 2008
While the dollar value of SunTrust s deposits have declined, the number of Washington households with SunTrust accounts has risen 5 percent since 2007, and the number of households with SunTrust checking accounts has increased 11 percent, he said. We continue to be a strong, community player. (Washington Business Journal, DC)
Seacoast Reports Earnings for the Third Quarter Oct 23, 2008
-- Acquisitions of new personal checking accounts increased by 20 percent in the third quarter compared to the same period in 2007. -- Average cost of interest bearing liabilities totaled 2. (PR Newswire)
Union Bankshares Corporation Reports Earnings Oct 23, 2008
Additionally, increased volumes in money market savings accounts amid a decline in checking accounts and demand deposits put pressure on the net interest margin. Total average interest-bearing liabilities increased $50. (PR Newswire)
Hispanic-focused bank looking to expand footprint in Houston Oct 23, 2008
Having an ITIN also allows customers to legally open savings and checking accounts, and obtain credit cards. Beguin says, however, that the bank is beginning to refocus its approach to widen its customer base. (Houston Business Journal, TX)
Money rolling in to Jacksonville banks Oct 23, 2008
Pomar said the growth at the bank stems from a tremendous increase in noninterest-bearing accounts such as business checking accounts, primarily from new businesses. It also has seen existing business clients shift more or all of their accounts to the bank. (Jacksonville Business Journal, FL)
I-Team: Colorado Scammer Busted in Las Vegas Oct 22, 2008
But as it often does, something didn't sit right, "They didn't have anything. No business licenses, tax ID numbers, checking accounts, anything.". And just like before, the talk turned to modeling and helping the community, "He pitched that he was going to do a breast cancer awareness show.". (KLAS-TV.com, NV)
West Coast Bancorp Reports 2008 Third Quarter Results Oct 21, 2008
"West Coast Bank's total capital ratio as of September 30, 2008 was 10.78%, an increase from June 30, 2008, and the Bank remained well capitalized for regulatory purposes. The results in the quarter were strongly influenced by impairment charges related to certain securities in our investment portfolio, including Freddie Mac preferred stock and pooled trust preferred securities, and additional loan loss provisioning associated with the slowdown in the residential construction industry in our... (PR Newswire)
Keep Hopkins spirit alive Oct 21, 2008
Stoney wrote on Oct 20, 2008 1:19 PM:" What banker in their right mind is going to open a branch bank there? The only type of banking business they will have is cashing social security checks, welfair checks, unemployment checks and child support checks. They will not be any checking accounts, saving accounts, business loans or any IRA's accounts. With having to hire a full time security guard the bank will be a no win situation. ". i know hopkins wrote on Oct 19, 2008 1:29 PM:" if you want to... (New Iberia, LA)
Doubts raised over Lloyds offer to acquire HBOS Oct 21, 2008
It will create a lender controlling about a quarter of British checking accounts and 28 percent of home loans, and offer at least 1 billion in cost savings. Lloyds also cut the offer, after the government bailout, to 0. (International Herald Tribune -- Business)
Save money by spending? Not really Oct 20, 2008
WACHOVIA'S WAY2SAVE Consumers set up linked savings and checking accounts, and Wachovia moves 1 from checking to savings every time they make a debit purchase or pay a bill online. The bank doesn't match the transfers but pays 5 percent interest on the savings account for the first year and a 5 percent bonus on the savings balance at the end of the year. (Montana Standard, MT)
Raised FDIC insurance coverage limit does not apply to retirement accounts Oct 18, 2008
An elderly couple wrote "Can you help us understand the limits on insurance for CDs, money market accounts, and checking accounts in banks, S&Ls, and credit unions?". On Oct. 3, President Bush signed the Emergency Economic Stabilization Act of 2008 that raised the amount in bank and savings accounts that the Federal Deposit Insurance Corp. covers from $100,000 to $250,000 per depositor. (Boston Globe)
President Bush Discusses the Economy Oct 18, 2008
The federal government has temporarily expanded the amount of money insured in bank and credit union savings accounts, checking accounts, and certificates of deposit from $100,000 to $250,000. The FDIC has created a new short-term program to grant unlimited insurance for non-interest-bearing transaction accounts used by many small businesses. (White House News Releases)
Federal bailout helping Georgia community banks Oct 18, 2008
The biggest benefit for community banks is that the FDIC will now insure non-interest-bearing checking accounts no matter how large, said Joe Brannen, president of the Georgia Bankers Association. RELATED. (Atlanta Journal-Constitution -- Business)
Murphy meets business owners Oct 18, 2008
Mr. Murphy said although some people might need to focus more on savings, the fundamental problem is that middle-income wages have been stagnant in recent years while, for example, energy costs have soared, which has left limited income for people to put in their savings and checking accounts or retirement options. On another topic, Mr. Murphy, who has strongly disagreed with Republican President George W. Bush on a raft of issues, said he believes that Mr. Bush is an intelligent person who... (New Milford Times, CT)
Local banks strong despite national crisis Oct 16, 2008
The protectors of your local savings and checking accounts maintained high lending standards throughout the housing boom, believing that low risk and quality loans were vital to their integrity ... If you remain concerned about borrowing, savings or checking accounts, you should discuss this with your local banker. (Forest Scott County Times, MS)
School parking lot plan held up as asphalt costs skyrocket Oct 15, 2008
Mathieu stated that all funds are either in savings or checking accounts. Mathieu assured, Our money is protected and we re in a strong cash position at this time. (Dover Sherborn Tab, MA)
FDIC moves to free up bank liquidity Oct 15, 2008
The on Tuesday said it will fully cover non-interest bearing checking accounts, regardless of dollar amount, in an attempt to free up bank liquidity. Under the Temporary Liquidity Guarantee Program, any participating bank can fully insure non-interest bearing checking accounts, regardless of the dollar amount. (Sacramento Business Journal, CA)
UPDATE: U.S. Unveils Plan to Buy Bank Stakes... Oct 15, 2008
The agency's backing of deposits above the current $250,000 limit in non-interest-bearing checking accounts is intended to stem the tide of business owners yanking their money out of troubled financial institutions. The Federal Reserve said Tuesday it would open a program on Oct. 27 to fund purchases of commercial paper -- a form of short-term corporate borrowing -- with three-month maturities. (The Drudge Report)
Treasurer candidates speak at forum Oct 15, 2008
"We have a lot of citizens that don't have checking accounts," she said. "That's why we have such long lines on tax day.". (Chatham Star Tribune, VA)
How the new U.S. rescue plan will work Oct 15, 2008
President George Bush also said the government will insure all deposits in non-interest bearing bank accounts, to help businesses worried because their payroll and checking accounts exceed the limits backed by the Federal Deposit Insurance Corp. The government will also back most new bank debt, a change designed to spur more lending between banks. Why is the U.S. government investing in healthy banks as well as struggling ones. (Globe and Mail -- Business)
Goldman Sachs seeks New York bank charter Oct 14, 2008
The state's banking department is reviewing Goldman's application and business plan and did not release such details as whether Goldman would offer savings and checking accounts. Today in Business with Reuters. (International Herald Tribune -- Business)
Collecting owed taxes should be a priority Oct 14, 2008
Require financial institutions to report information about non-interest-bearing accounts, such as non-interest checking accounts. Match federal and state tax data. (Longview Daily News, WA)
Tax dodgers could cover much of budget gap Oct 12, 2008
Taxpayers have avoided paying taxes by putting their money in noninterest checking accounts. -- Match federal and state tax data. (San Francisco Chronicle)
Bancolombia S.A. Announces Unconsolidated Results for the Month of September 2008 Oct 11, 2008
6% of total checking accounts and 15. 5% of total time deposits. (PR Newswire)
National City sale looks imminent Oct 11, 2008
People in these markets still take out mortgages, have checking accounts and save for their retirement while sending their children to college. And he s willing to look at the upside of slow-growth communities, noting that they typically have greater stability in their labor markets and property values. (San Francisco Business Times, CA)
Monroe Bank & Trust Announces Acquisition of All Main Street Bank Deposits in Northville Oct 11, 2008
Additional MBT services include business and personal loans, wealth management and investment services departments, free personal & business checking accounts, mobile and online banking, and much more. Customers will see no immediate difference in their banking services, but will have the option to select the most appropriate MBT product or service as the two companies fully integrate. (Primezone Releases)
Local mortgage brokers offer options galore (10/09) Oct 10, 2008
We don t want your savings or checking accounts. All we want is to help you become a homeowner, if that is your goal. (Columbus Commercial Dispatch, MS)
The Color of Money: How much of your cash is FDIC-insured? Oct 10, 2008
An elderly couple wrote me and asked the following: Can you help us understand the limits on insurance for CDs, money market accounts, and checking accounts in banks, savings and loans, and credit unions. With a number of major bank failures and takeovers, many people are wondering how much of their cash is protected. (Green Valley News & Sun, AZ)
Column: Real LIFE sometimes comes with a Poor House Oct 10, 2008
Of all the social engineering that has gone on since Lyndon Johnson s Great Society none was as aggressively Pollyannish as the approval of mortgages for Park Place properties to people with Baltic Avenue checking accounts. You would think that children of all ages would have learned something from the Monopoly game that Charles Darrow created in 1935, when we knew what a real Depression looked like. (Malden Observer, MA)
LETTERS: NCT, Oct. 9, 2008 Oct 10, 2008
In recent years, banks across the country have been offering checking accounts and even mortgages to illegal immigrants, but not major credit cards. The new Bank of America card is open to people who lack both a Social Security number and a credit history, as long as they have held a checking account with the bank for three months without an overdraft, reported 10News. (North County Times)
Are You Prepared? Oct 10, 2008
If people lose faith in their government and their bank, they may start rushing for the exits, selling their stocks, and converting checking accounts into cash. They may also buy gold and silver coins, the ultimate hedge against crisis and bad government. (Human Events Online)
Comdirect Executed 42% More Trades Last Month; Assets Under Custody Fell Oct 8, 2008
26 million, and checking accounts increased 0. 8 percent to 379,402. (Bloomberg -- Germany)
Canadian Banks `Highly Capitalized,' Deposit Agency's Saint-Pierre Says Oct 8, 2008
The insurer protects funds in savings and checking accounts and some term deposits for as much as C$100,000 ($91,470). Mutual funds aren't protected, Saint-Pierre said. (Bloomberg -- Canada)
Seminar Teaches Residents How to Avoid Scams Oct 8, 2008
Identity thieves will use any number of tricks to obtain personal information about victims and use that information to apply for credit cards, loans or open checking accounts to write bad checks. "Basically, they ruin your good name," Crabbe said. (The Pilot Newspaper)
Britain joins bail-out rush, pledging $122b Oct 8, 2008
HBOS fell 41% yesterday to a new low as investors became skeptical of its government-arranged takeover by London- based Lloyds TSB, the UK's biggest provider of checking accounts. Lloyds TSB agreed Sept. 18 to buy HBOS in a stock swap valued at the time at 10. (Sydney Morning Herald -- Business)
Citizens will pay to end paper trail Oct 8, 2008
The program deposits cash directly into customers checking accounts on a monthly basis. Reader Comments. (Buffalo Business First, NY)
Ignore the Hype: Consumer Reports Money Lab Finds Spend and Save Bank and Credit Card Programs Don't Help to Save Much Oct 7, 2008
Wachovia's Way2Save sets up linked savings and checking accounts. Wachovia moves $1 from checking to savings for every debit purchase or paying a bill online. (PR Newswire)
Loved One's Plea For Help Another E-Mail Scam Oct 7, 2008
"I saw a survey that looked like it was from Hotmail, and I thought it was valid. It said, 'If you still want your account, in 24 hours we are checking accounts to see if they are valid, and yours happens to be one of them.' It had a Hotmail logo and I thought it was valid," said LaSala. So, thinking she was communicating with Hotmail, LaSala unknowingly gave the criminal her password. (KIRO TV, WA)
Europe scrambles Oct 6, 2008
German Finance Ministry spokesman Torsten Albig said the unlimited guarantee covered some 568 billion euros ($785 billion) in savings and checking accounts, as well as time deposits. At the same time, Belgian Prime Minister Yves Leterme said that France's BNP Paribas SA had committed to taking a 75 percent stake in Fortis NV.. (AZCentral -- News)
Germany pledges to secure deposits Oct 6, 2008
In a joint statement, Chancellor Angela Merkel and Finance Minister Peer Steinbrueck said the government would guarantee private bank accounts, and some 568 billion euros ($785 billion) in personal savings and checking accounts as well as time deposits, or CDs. Finance Ministry spokesman Torsten Albig said the sums in all three categories were "certain to be more than a thousand billion," or a trillion. (International Herald Tribune -- Arts)
Bank rescue deal struck as Germany guarantees savings Oct 6, 2008
Monday, October 06, 2008. " onclick="Next();" src="/images/butt_next. (Channelnewsasia.com)
Money fund assets rise to nearly $3.4t Oct 5, 2008
-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts was also unchanged at 0. 21 percent. (Boston Globe)
President's Radio Address Oct 5, 2008
For 75 years, the FDIC has provided insurance for savings accounts, checking accounts, and certificates of deposit. A similar insurance program is in effect for deposits in credit unions. (White House News Releases)
Cherry employees travel widely on hospital gifts Oct 5, 2008
The money for the employees' excursions came from two checking accounts controlled by managers who are also the hospital's most frequent travelers: Dr. Kimberly Johnson, the clinical director; and Judy Howell, an administrative assistant who coordinates Cherry's medical education program. Johnson and Howell each attended a dozen conferences in the last three years, visiting such cities as New York, Chicago, Boston, Washington, San Diego, San Francisco and Toronto. (News & Observer)
Pang Denied S.F. Funds After Investigation Oct 4, 2008
Pang said that's because she teaches a lion-dancing class full of people without checking accounts. They got into line at the post office to order the money orders at the same time, Pang said. (San Francisco Chronicle -- Politics)
Wachovia deals to ripple in ATL Oct 4, 2008
For Wachovia customers, there would be no immediate changes to consumer banking operations, from checking accounts to CDs. Wells Fargo: Would help a bank with a strong presence on the West Coast and Midwest become a coast-to-coast player rivaling Bank of America and JP Morgan Chase. (Atlanta Journal-Constitution)
Wells Fargo to buy Wachovia Oct 4, 2008
While the tie-ups might restore confidence in the industry, they also could leave a handful of big lenders to determine fees and interest rates on everything from home mortgages to credit cards to checking accounts. Some small and midsize banks might be unable to compete with these behemoths. (International Herald Tribune)
Now it's Big Three in banking Oct 3, 2008
For customers of those institutions -- Bank of America, Citigroup and JPMorgan Chase -- the consolidation may result in higher fees on everything from checking accounts to bounced checks and overdrafts, and lower interest-rate yields on deposit accounts, banking experts said ... "I expect we'll start to see free checking accounts start to disappear, and rates on overdrafts could go up. Savings rates could drop.". (OregonLive, OR -- Business)
Wachovia reportedly in merger talks Oct 3, 2008
Spokeswoman Christy Phillips-Brown said the bank had a "strong and stable deposit base" and had added 745,000 checking accounts since June. That contrasted with WaMu, which the Office of Thrift Supervision said has shed $17 billion in deposits since Sept. 15. (OregonLive, OR -- Business)
Asian markets brushoff Senate move Oct 3, 2008
The Senate bill differs from the one rejected by the House in extending $110 billion in tax breaks for middle-income taxpayers and for businesses, and in proposing to raise to $250,000 from $100,000 the cap on federal deposit insurance - the government guarantee on savings and checking accounts if the holding institution goes bankrupt, as it is feared many regional and smaller banks may do in the near future. Also as a vote-getting maneuver, $8 billion in tax relief was added to benefit victims... (Asia Times Online)
Five Things Not to Do During Credit Crisis Oct 3, 2008
Specifically, savings and checking accounts are insured to $100,000 per depositor in each bank or thrift (a savings and loan) that the FDIC insures. So if you are one of the vast majority of Americans with less than $100,000 in the bank -- $200,000 if married -- then you simply don't need to fret should your bank get into trouble. (ABC News -- Business)
Wells Fargo to pay $15.1 billion for Wachovia Oct 3, 2008
It would also give Wells Fargo an important foothold in New York, Florida, and other big markets along the Atlantic Coast, ramping up its ability to sell mortgages, checking accounts, and other consumer loans. On the surface, Wachovia and Wells Fargo, the country's fourth and fifth largest banks by assets, appear to be almost mirror images of each other. (International Herald Tribune -- Business)
Wells Fargo in a Deal to Buy All of Wachovia Oct 3, 2008
It would also give Wells Fargo an important foothold in New York, Florida, and other big markets along the Atlantic Coast, ramping up its ability to sell mortgages, checking accounts, and other consumer loans ... While the tie-ups may restore confidence in the industry, they also could leave a handful of big lenders to determine fees and interest rates on everything from home mortgages to credit cards to checking accounts. (Atlanta Journal-Constitution -- Business)
On Your Mind Oct 3, 2008
Banking wrote on Sep 24, 2008 4:56 PM:" If a bank rep told you, up front, that you would pay $38 for a NSF, +$7 per day, and leave out the part that they won't give you any notification except your statement at the END of the month, would you want to bank there? I "had" two checking accounts, a check bounced for .88. Did the bank notify me? Pull .88 from my 2d acct? Take $25 from my other CC? NO to all. They charged me $194! This doesn't come close to passing the common sense rule, they stick... (Sierra Vista Herald, AZ)
Interests clash in city's finance sector Sep 24, 2008
Bankers said the government insurance gives money market mutual funds a competitive advantage over traditional savings and checking accounts, although limits the Treasury Department imposed Sunday address some of the bankers' concerns. Money market mutual funds are investments that can lose money and are not insured. (Boston Globe)
FINANCIAL MELTDOWN ... Difficult Choices After Ike ... Politics as usual post-Ike ... Jeanerette man is killed ... Police suit nearly settled ... Sugar Cane fest expands its parties ... Area woman charged in shooting ... Tire businesses get boost from aftermath ... Outlandish costumes and more grace the inaugural Berry Queens Ball here ... Typical turnout for start of early balloting period ... STILL READY TO PARTY ... Man suspected of forcing victim to jump from car ... Local chamber not favoring ... Boom Boom living life in the fast lane as racer ... United Blood Service sets drive for Monday at IMC ... Difficult choices for Ike ... Politics as usual post-Ike ... Police suit nearly settled ... Area woman charged in shooting ... Outlandish costumes and more grace the inagural Berry Queens\' Ball here ... United Blood Service sets drive for Monday at IMC ... \'Boom Boom\' living life in the fast lane as racer ... Typical turnout for start of early balloting period ... Cleco opening information center ... BOOK CAPTURES FAVOR IN FRANCE ... Diakite teaches students French ... Flooding issue rises again ... Connecting through music ... Correction ... Clarification ... Long\'s Gun and Pawn enters last days ... St. Martin Correction officers arrested ... Recovering ... RESOURCE OFFICERS RESTORED ... Mild post-storm gas shortage now easing ... Early voting begin Saturday ... Ike debris pickup helped in three piles ... Avery Island largely spared serious hurricane damage ... IKE LEAVES MUD AT POINT ... Sheriff warns of scam ... Ike the final blow for fishing rodeo ... Council to return land ... Franklin leaders address levee failures during Ike ... Pleasures in the little things can help restore normalcy after storms ... Hurricane damage can lead to change in assessed value ... Distinguished citizen dinner set Monday ... Scams delivered in St. Martinville ... NISH addition welcomed by board ... \'ID what needs to be done\' ... Court hours return to normal ... WAITING FOR HELP IN THE MESS ... Stabbing leads to woman\'s arrest ... More arrests made in looting cases ... Different kind of pageant set for festival ... Emergency rules activated for La. insurance coverage ... Assessment issues go to council ... St. Martinville burglary suspect arrested ... After hours event set ... Delcambre schools to reopen Wednesday ... U.S. 90 now open in the Centerville area ... Water falls ... Iberia Parish curfew lifted ... Some port yards still underwater ... Some may not rebuild ... Delcambre schools close today, Tuesday; others open in area ... Food stamp distribution resumes locally through Sept. 23 ... New Iberia Council meeting for extended agenda Tuesday ... Delcambre High, Elementary closed Monday and Tuesday ... Engulfed by Ike ... Teche Area roads closed due to flooding ... Loose barge totals bridge ... Levee failure floods Franklin, St. Mary ... \'Energy coast\' needs attention ... Williams enjoys time at the lake ... Curfew set in flooded Iberia ... Waters rising in Delcambre, Erath ... Bayou Warehouse bridge hit, wiped out by barge ... Flooded, evacuated areas under 24-hour curfew ... Repeat of Rita? ... Evacuating shelter opens at Iberia Middle School ... Waters rise at Cypremort Point ... Iberia bracing for storm ... St. Mary officials are ready for Ike ... Steamboat Warehouse wall collapses after Gustav ... Pay hike for St. Martin teachers ... St. Mary undecided on missed school time ... Looting-related arrests continue ... Caneview schools opening delayed ... Post storm loans available for area ... Port shuts down in advance of Ike ... Area storm related closings ... Area schools to close Friday ... Seances & more in "Spirit" ... State of emergency declared in Iberia Parish for Ike ... FEMA explains procedures ... Sand bags available in Iberia Parish ... Friday high school games canceled ... Keep signs some say ... Debris removal is back on schedule ... Pick up costs differ in area ... Fishing postmaster receives top honor ... N. Lewis change order irks board ... "Christmas" play tryouts upcoming ... Number of retirees returning to work increasing ... Declaring a full recovery ... Area airports have $16,000 in storm-related damage ... House damaged in blaze ... Spencer Loop group expresses flooding concerns to council ... Long wait for stamps ... Fourth looting arrest made ... Storm victims get tax relief from IRA ... St. Mary students back in school today ... DWI impact panel meeting next month ... No one injured in small Jeanerette fire ... Mosquito spraying planned tonight ... Hurricane leads to numerous claims ... Improving water supply key issue for Loreauville ... Purple Heart awarded 64 years later ... getting rid of debris ... Pay hike on agenda ... Corps inspecting roofs; tarps available ... Locations set up to apply for food stamps ... Gustav delays tonights forum ... Help with after hurricane stress available ... Iberia Humane still without power ... Louisiana residents should stay cautious of Ike ... Iberia, St. Martin ready delayed school board meetings ... Thursdays IDF moved to next week ... Sheriff Naquin back on duty this week ... VOICE group meeting moved to Sept. 17 ... Stop in the name of signs ... Ike looking a lot like Rita ... Ackal dismisses allegations by inmates ... Nine four-way stops, two signals on Dale Street ... St. Martinville man, 18, is accused of theft ... Zoning panel to take up trailers ... Sugar Oaks reopens after Hurricane Gustav ... Loreauville board to meet at 6:30 p.m. today ... Sucrose King got kick from mother ... New Iberia Gustav cleaning stalls ... Difficult times for the sugar industry are looking up ... Teche schools open this week ... Technical campuses in Teche Area gear up for return ... Wild animals at risk following hurricane ... Storm postpones IPAL play, fundraiser ... Felicit© group drives Bell\'s outlook ... St. Martin parish weathers Hurricane Gustav winds ... Return home ... Impact minimal ... Third looting arrest ... Port director says that area fared well ... Wright: RNC Convention was a moving experience ... Sugar Oaks loses roof to clubhouse during storm ... Morning fire claims N.I. home ... Postal service working to return in Iberia ... St. Mary evacuation key for hurricane results ... Hurricane piece of cake for Loreauville ... Taved ... Grid Quiz canceled this week ... Iberia schools superintendent: 20 schools have power ... Hawg Fight Classic postponed ... Gas lines growing after storm leaves ... Limb crashes into trailer ... Stealth patrols also used to enforce laws in storm ... Jeanerette avoids major damage ... Stabbing leads to aggravated burglary charges ... Delcambre, Erath spared most serious damage ... Disabled, elderly Iberia residents return uncertain ... Fire claims life during Hurricane Gustav ... Efforts to resume trash pickup ongoing ... List of open businesses, announcements ... Garbage pickup begins Wednesday in New Iberia ... Convoy of Hope here, lending helping hand ... Port of Iberia fared well ... Jeanerette mayor: Residents, be patient ... Stage parking lot is staging area, not distribution point ... Supriya Jindal handing out supplies ... Area residents invited to post stories ... Concerned about West End flooding ... Jindal drops in on Franklin ... Attempting to clean streets, restore power to New Iberia ... Eastern part of area fared better than anticipated ... Jeanerette has no electricty ... Subdivision residents get to work on cleanup ... Corps commander stops here at airport ... Two charged with looting, curfew violation ... Franklin, Baldwin areas spared brunt of Gustav ... New Iberia store open for business ... Lydia businesses reopen ... Iberia schools closed through Friday ... Iberia evacuees -- stay out until further notice ... Recovery efforts begin ... Road closure listings for Teche Area ... West End residents coping with flooding ... 61 percent of Cleco customers without power statewide ... \'Amazed\' there isn\'t more damage ... Sept. 1 photos -- Hurricane Gustav hits Teche Area ... Nearly 24,000 people without electricity in Iberia Parish ... Power out in parts of Iberia ... Curfews established for area ... St. Martinville has some extensive damage on Main Street ... Family stranded in vehicle ... Women, children abandoned at New Iberia home ... Parish officials expect small surge ... Of bravery and craziness ... City Hall and Main Street Observations ... Set for the storm ... What mandatory evacuation means for Iberians ... The calm before the storm ... Relative calm continues in Iberia ... Iberians await Gustav ... Officials evacuating people who need transportation ... Still on track ... Update on Friday stabbing incident ... Airport plays key role as highest spot in parish ... Local Hospitals plan for Gustav ... Signs of the times are legally, illegally placed ... Officials outlines levels of re-entry, safety tips ... Wright continuing his family\'s legacy ... Residents Taking Care of Pets ... Bracing for the worst in two areas ... State of emergency ... Iberia under mandatory evacuation ... State of emergency declared in Iberia Parish ... R-U-N, brace, area resident says ... Locally, statewide Cleco getting ready ... Crawfish industry signs agreement on tariffs ... Parish Council to meet Sunday ... St. Mary Parish president encourages evacuation ... Cypremort Point evacuation ongoing ... Relocation money for hurricanes Rita, Katrina available ... Teche school districts announce closing ... Mosquito spraying in Iberia set tonight ... Post offices make Gustav preparations ... Mullet 5000 poker run going as planned this weekend ... Local and state Guard gear up ... LTC\'s Faulk helps students enter the skilled job market ... St. Mary\'s orders evacuation ... Traveling Hotdoggers ... Attention on Gustav ... Iberia and St. Martin Parish sand bag pickup sites ... Aldermen demote police chief ... Teche Area parishes close schools Tuesday ... Iberia teachers, workers get raise ... Iberia Parish evacuation pickup points ... Council decides to implement recycling education ... Dauterive adds new office space ... Iberia Parish re-entry procedure ... Labor Day watch planned for drunken or impaired drivers ... Still going strong ... Barras couple will be honored by Scouts ... Deadline for voting registration looms next week ... Last shall be first ... Sias faces perjury charge ... Womans death ruled accidental ... Historic District looks at station ... Lee-Jackson enjoying role in Democratic convention ... Teche Area SUV dealers navigating gas crunch ... Money allocated for utility bill help ... St. Martin Parish deputy fired, arrested after shooting husband ... Melancon backs Obama presidency ... Window work ... Asks in a special way to renew vows ... Last call coming earlier? ... Arrest in rape of girl ... New black and whites hit street ... What he did for country ... To review chiefs status ... Patout joins after his retirement ... No more action in bus incident ... Wind energy group unsure of states future plans ... New Iberia woman captured after escape ... 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They don t take in federal insured deposits, offer checking accounts or anything like that, Little said. And, what s going on with these big institutions is really far removed from what smaller community banks really do. (New Iberia, LA)
The great bailout horse-trading game Sep 23, 2008
" The that the "net worth" of American households declined 0.8 percent in the second quarter. That marked the third straight quarter of declines, bringing consumers' net worth -- total assets such as homes and checking accounts minus liabilities such as mortgages and credit-card debt -- to 2006 levels. Total household net worth hit a record $58.7 trillion a year ago. This is certainly true for me. How about for you? And on Thursday, reminded us that all is not well in the labor market. Weekly... (Salon)
Radical rescue: Hundreds of billions for government bailout Sep 22, 2008
In further major steps, the Treasury Department and Federal Reserve moved to give money-market mutual funds the same kind of federal protection, at least temporarily, that now applies to savings and checking accounts and certificates of deposit at banks ... The 75-year-old Federal Deposit Insurance Corporation now insures savings and checking accounts and certificates of deposit up to $100,000. (The Pantagraph newspaper)
Bush Urges Swift Action on Financial Bailout Sep 21, 2008
With administration officials spurned into action in part out of fear of a run on typically rock-solid money-market funds, Bush sought to assure Americans that their money held in traditional checking accounts, savings accounts and certificates of deposit is safe and to announce that the administration is offering government insurance for eligible money market mutual funds. The president also sought to calm the panicky public by saying that the economy will not remain in free fall. (Fox News)
