To protect the depositors, the Federal Deposit Insurance Corp. entered into an agreement with Midland States Bank for the Effingham-based institution to assume all of Strategic's $471 million in deposits.
The FDIC estimates that the cost to its deposit insurance fund will be $173 million
Friday, May 22, 2009
Are figures are bad but Japan, Germany, Eorozone, Italy and U.K. are all worse.
The losers will include retirees, conservative investors who bought for the long haul, and GM loyalists who showed their support for America's biggest automaker by investing in it
If we approach $3 a gallon, we’ll hit the squawk level,” says Mr. Fitzpatrick.
However, Fitzpatrick doesn’t think gasoline prices will get that high. He thinks it will peak by July 4 at $2.60 to $2.70 a gallon and as much as $3 a gallon in California.
that oil is now heading for $70 to $74 a barrel, then hopefully it stabilizes,” says Phil Flynn, director of research at Alaron Trading in Chicago. “Then, it depends on the economy from that point forward.”
“With all the issues that have come up with the health board, this is your opportunity to make a statement and say something to them about the things that are going on,” board member Pat Mattison said before Wednesday’s vote.
Walberg said it would be a disservice to continue to discredit the board of health.
“To me these three people are quality people,” Walberg said