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what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally fro ....
A Black-owned bank in Milwaukee, Wisconsin is still going strong after 100 years in business. Columbia Savings and Loan Association, founded by Ardie and Wilbur Halyard in 1924, has persevered through the decades despite the tremendous challenges it faced due to discrimination. “You can imagine that a Black-owned business, in the U.S., was not a… Continue reading Milwaukee’s Oldest Black-Owned Bank Celebrates 100 Years Of Success: ‘They Understood We Didn’t Have Access To Funds At Regular Banks’ ....
The entire industry ultimately went belly up. well, get in line so we can have this i am in line! i m next! quiet down! man: guys, quiet down! i m going to disperse the whole bunch of you. mccarthy: this was the third day of the run on the old court savings and loan association. the only thing i can do at this point, i have no choice we have to close. i don t think it s right. that s our money. this year, a record 260 banks will go bust. that s almost 800 in the past five years. bad loans to the third world, bad loans to the oil industry, bad loans to real estate developers. nocera: one of the reasons bankers made outrageous loans was because of federal deposit insurance. if the loan went well, then you rake in the profit. if the loan went poorly, then the federal government picks up the tab. collins: with deregulation, the s&ls got into that commercial real estate market and lost their shirt. pizzo: all over the united states, people were building projects for which there were no ....
NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Oconee Federal Financial Corp. (OTCQX: OFED), the holding company for Oconee Federal Savings and Loan, has qualified to trade on the OTCQX® Best Market. Oconee Federal Financial Corp. previously traded on NASDAQ. Oconee Federal Financial Corp. begins trading today on OTCQX under the symbol “OFED.” U.S. investors can ....