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Reload this Page We're Not Safe With Credit Unions, Either! (Connecticut, FDIC, London)
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Old 08-11-2008, 05:10 AM
 
Location: Backwoods of Maine
7,488 posts, read 10,488,293 times
Reputation: 21470

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Two credit unions have failed in our neighboring state of Connecticut - one in New London, one in Meriden. The New London failure involved a suicide (?!). At least with a bank, we find out by 6:30 pm from the FDIC. These two happened back in July, and only just coming to light now:

Hartford Business
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Old 08-11-2008, 06:40 AM
 
Location: Londonderry, NH
41,479 posts, read 59,783,759 times
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Ouch!
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Old 08-11-2008, 09:59 AM
 
Location: San Jose, CA
7,688 posts, read 29,154,335 times
Reputation: 3631
Police have obtained a photograph of the victim:

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Old 08-11-2008, 11:29 AM
 
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Quote:
Originally Posted by sonarrat View Post
Police have obtained a photograph of the victim:
LOL!!
Great pic from a Great movie!
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Old 08-11-2008, 02:50 PM
 
Location: Backwoods of Maine
7,488 posts, read 10,488,293 times
Reputation: 21470
OK, here's some more for you! Five large US credit unions [including another one in CT] are reporting big paper losses on mortgage-related securities:

Mortgage-Market Trouble Reaches Big Credit Unions - WSJ.com
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