[edpc]

Unfortunately, full article is subscription.

[BlessedBeGod]

Can you list what the names of the credit unions are?

[dawn53]

I just heard this discussed on CNBC. They failed the “stress test”...but they are corporate credit unions, and shouldn’t affect day to day operations of the regular credit unions that serve the public.

[the anti-liberal]

NCUA Conserves U.S. Central and Western Corporate Credit Unions

Media Release - NCUA Conserves U.S. Central and Western Corporate Credit Unions

[Vn_survivor_67-68]

http://www.freerepublic.com/focus/f-news/2211118/posts

same subject, with posting from NCUA aite....

[stockpirate]

From the link on Drudge.

“The National Credit Union Administration said Friday it has taken over and put into conservatorship the two corporate credit unions, U.S. Central Federal Credit Union, based in Lenexa, Kan., and Western Corporate Federal Credit Union, in San Dimas, Calif.”

[cquiggy]

Obama currently behind closed doors negotiating a deal for purchase by George Soros.

[JudgemAll]

The mainstream finance MSM is finaly getting a bit of a “hint” about Obama after ignoring him and what not electing him. Now it’s up to the nation to call to help them or help Obama/Congress, although I am not quite sure of their repent and their shame seems too strong.

Banker fury over tax ‘witch-hunt’
http://www.ft.com/cms/s/0/4ff2f77e-1584-11de-b9a9-0000779fd2ac.html

AIG bonus outrage has employees living in fear
http://apnews.myway.com/article/20090320/D9720I901.html

[PAR35]

But some FReepers tell us how much stronger CUs are than Banks or S&Ls.

[PAR35]

An ‘NCUA’ Friday ping

[brydic1]

U S Central Corporate is the mother of all credit unions formed to be a clearing house and credit union bank for regular credit unions also to provide guidance and advice to member credit unions on investments. As I remember all credit unions are required to park a percent of their reserves with this credit union.

To have this credit union fail is indeed serious.

[rabscuttle385]

*Ping!*

[GOPJ]

It’s bank closing Friday - do you know where your money is?

[Travis McGee]

“Several brokerage houses tumbled; blue-sky investment companies formed during the happy bull market days went to smash, disclosing miserable tales of rascality; over a thousand banks caved in during 1930, as a result of marking down both of real estate and of securities; and in December occurred the largest bank failure in American financial history, the fall of the ill-named Bank of the United States in New York.”

~~"Only Yesterday: An Informal History of the 1920’s" by Fredrick Lewis Allen

[Oldeconomybuyer]

bttt