Diamonds and Dogs
It's the weekend, more banks failThe total is now 25. Two more banks were closed over the weekend, Haven Trust Bank of Georgia and Sanderson State Bank of Texas, bringing the number to 25 banks that are in the hands of the FDIC this year. These guys are nothing compared to the biggest loser of all, Bernie Madoff, who clipped investors for $50 billion according to news reports. Bernie thought he was untouchable and believe me, he will not want to be touched where he is headed to now.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.