FDIC officials said the failures resulted from losses on risky debt instruments known as collateralized debt obligations and other loan losses. CDOs are asset-backed securities whose value and payments are derived from a portfolio of fixed-income underlying assets
Risky debt instruments bring down Campbell banks - - BusinessRockford.com
The tunnel's builders entered through a manhole near the border fence in Mexico and crawled through 700 feet of sewer drain, on both sides of the border, Mack said.
Click on the following for the rest of the story from San Diego: 53-foot border tunnel equipped with lights
GENEVA -- Through attrition, not layoffs, Sheriff Pat Perez will be allowed a maximum of 87 sworn deputies, a Kane County Board committee agreed on Wednesday.
The move, once approved by the full County Board on July 14, reduces from 96 the deputy total the sheriff can appoint.
Click on the following for the rest of the story: Reduction in deputies tied to Kane retirement plan :: Beacon News :: Local News
Former Mayor Rory Peterson was charged today with stealing a political sign in March that supported former Ald. David Deckert.
Click on the following for the rest of the story: Former Belvidere mayor arrested - Rockford, IL - Rockford Register Star
Well this leaves AMCORE as the only local financial institution still in troubled waters.
Harvard State Bank to take over deposits and reopen branches Monday
Bob Walberg has a new choice to fill an open board seat and has released the names of those who sought the position.
Walberg said O’Malley, a family medicine specialist with OSF Medical Group-Poplar Grove, should be a candidate that the two divided factions of the board can agree on.
Click on the following to read the rest of the story:
Boone chairman names 2nd board pick - Rockford, IL - Rockford Register Star
