Monday, September 8, 2008

With all the FMae+FMac in the media – this one could get missed

Republican red faces as regulators close bank

A bank with ties to the family of John McCain was shut down by federal regulators on Friday, marking the 11th US bank failure this year and threatening to cause ripples across the presidential election campaign.

Posted by whostolemyendowment @ 11:10 AM (406 views)
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2 thoughts on “With all the FMae+FMac in the media – this one could get missed

  • I see junior conveniently got out in time!…………. How fortunate are some!…………

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  • Well he was an auditor, so should have had visibility of the Bank’s financial position. I wonder though if once he resigned he then shorted the stock and so would be immune (I would imagine) to insider trading!! Just a speculation.

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