This video is about 28 minutes and if you watch the complete video, you will understand what the American banks are doing with your money.

One other note: I want to thank The Property Patrol for supporting our efforts. Please visit their website here.

Enjoy this video:

Started in 1972 Republic Mortgage Insurance Company claims they protect lenders across the United States from losses due to defaults on first mortgages for single-family residential properties. Head-quartered in Winston-Salem, North Carolina, RMIC is an independent national provider of private mortgage insurance for first mortgage loans. It appears RMIC has over exposed themselves  in Fannie Mae and Freddie Mac mortgages.

The Florida division of Republic Mortgage Insurance of Florida has been down-graded in their financial strength to an (E) rating. Financial ratings are based on an (A) being the best and an (F) as a failed institution. So a rating of an (E) is the last step before failure.

In American housing, the chart below shows what areas Old Republic is exposed and Republic Mortgage Insurance Company is included in the chart calculations.

Old Republic American Housing Interests

Some Florida Real Estate Title companies have lost their license. Under new leadership, Florida’s Jeff Atwater, Chief Financial Officer cracks down on violators of Florida licensing laws.

Real Estate Title companies hire abstracters to research property titles. The title insurance company issues a title policy based on the abstracter’s report. When possible improprieties occur, the chief financial officer is held accountable. Usually, the title company, not the abstracter, has done something to violate Florida financial laws and the title company is disciplined.

Below is a list of Florida Real Estate Title companies that have been fined or had their license suspended or revoked due to alleged improprieties.

Company Name              Location                     Action Taken

Citrus Land Title,          Spring Hill               Suspended 3 mos.
Emerald Title                 Tamarac                    Suspended 3 mos.
Fellowship Title            Bunnell                      Suspended 3 mos.
LMT Title of So. FL     Miami                         Suspended 3 mos.
People’s Title                 Tampa                        License Revoked
Trinity Title                    Hialeah                      Suspended 3 mos.

If you need more information regarding the disciplinary actions against a company or individual, please comment in the post or click the contact The Property Patrol link here.

Detective Krum

Bank Failures Continue in 2011 in spite of press reports claiming improved economic conditions. January 2011 saw  eleven bank failures in January 2011 and three already in February 2011.  The list of failed banks for 2011 appears below.

A little off point: The Tea Party has started a new social networking site. What we found interesting about the site:

a.) Stay current on legislation

b.) Focus on candidates

Here is the link provided by Dick Armey. Here is the post

FreedomWorks new social networking site puts in action change for liberty minded people Join me at
Failed Banks List:

Community First Bank Chicago Chicago IL

North Georgia Bank Watkinsville GA

American Trust Bank Roswell GA

First Community Bank Taos NM

FirsTier Bank Louisville CO

Evergreen State Bank Stoughton WI

The First State Bank Camargo OK

United Western Bank Denver CO

The Bank of Asheville Asheville NC

Community South Bank & Trust Easley SC

Enterprise Banking Company McDonough GA

Oglethorpe Bank Brunswick GA

Legacy Bank Scottsdale AZ

First Commercial Bank of Florida Orlando FL





Detective Krum

September 2010 saw 9 banks fail and October isn’t over yet and 12 banks have already failed. So how are we doing for the year. Here is the report.

Bank Failures 2010                                                          Bank Failures 2009

January 2010  – 15 banks failed      ————–                  6

February 2010 – 7 banks failed       —————              10

March 2010 – 19 banks failed          —————-                5

April 2010 – 23 banks failed             —————–              8

May 2010 – 14 banks failed              —————-                7

June 2010 – 8 banks failed               —————-                 9

July 2010 – 22 banks failed              —————–            24

August 2010 – 10 banks failed           ——————           15

September 2010 – 9 banks failed         ——————           11

October 2010 – 12 banks have failed so far. ———–          20

November 2010 -                                         —————–             9

December 2010 -                                         —————–            16

That makes 139 banks have failed since January 1, 2010.  From January 1, 2009 until December 31, 2009 140 banks failed.  If you look at the bank failures you notice the bailouts did NOT stop bank failures as alleged.  What banks failed in this October? Here is the list:



I know our readers are smart enough to know the Method of Operation (MO) by Liberals is:

1. They try to bribe you – if that doesn’t work then they

2.  Threaten you with physical danger or lawsuits – if that doesn’t work then they

3. Attack you personally and attack yor character even if they have to make up lies.

Remember the saying – “The Truth Will Set You Free” and the truth wins in the end. Please share these two videos and thanks to our loyal readers for indulging me with this post.

Floridians should take note regarding Alex Sink and Rick Scott. Watch this video from the debate Monday night October 25, 2010.  Just so you know – I endorse Rick Scott.

Detective Krum

A great video from MSNBC explaining how Goldman Sacks has stolen your money.

Detective Krum

In September 2010 we see nine banks failed.

Horizon Bank in Bradenton, Florida

ISN Bank in Cherry Hill, New Jersey

Bank of Ellijay in Ellijay, Georgia

First Commerce Community Bank in Douglasville, Georgia

The People’s Bank in Winder, Georgia

Bramble Savings Bank in Milford, Ohio

Maritime Savings Bank in West Allis, Wisconsin

Haven Trust Bank Florida in Ponte Vedra Beach, Florida

North County Bank in Arlington, Washington

October 2010 reports reflect two bank failures as of October 11, 2010. We expect more failures in October because most banks that were going to fail with a flicker of trouble, have failed. The bank failures now have been about 10-15 failures per month compared to 20-30 per month a short year to six months ago. As the international bankers who own and run the federal reserve continue a lax fiscal policy, we expect to see more banks fail to possibly prop up the globalist owned banks like JP Morgan, Goldman Sacks, Bank of America and other large banks. It appears the lax fiscal policy in America may be to bankrupt the world or just America. However, precious metals and commodities appear to be safest.

The two banks that failed so far, for October:

Wakulla Bank in Crawfordville, Florida and

Shoreline Bank in Shoreline, Washington

What is the importance of the recent mortgage foreclosure meltdown? We will explore that next time. Be sure to vote at the bottom of our posts if you like our post or not. Thanks to our faithful readers and thank you for all your emails.



Detective Krum

FDIC sells failed bank assets. Many of the assets include security cameras, furniture, ATM machines, phone systems,  conference tables, appliances, desks, chairs and a variety of other business related items.

What many people do not realize is when FDIC takes over a failed bank, they sell the banks assets through auction. If a bank in Illinois fails, the assets are sold by auction, in Illinois. You can bid on items online however, you must pick the items you win through the bid process at the location of the auction, in this example, Illinois.

FDIC appears to use Rick Levin and Associates for their auctions. A real auction is for Park Avenue Bank in New York. You can see what is being auctioned on August 31, 2010 from the Park Avenue Bank in New York here

You can check out all the FDIC bank asset auctions coming over the near future here. Remember, the auctions are not for loans or property. FDIC auctions loans and property in a different manner. You will notice here, there are about 14 bank asset auctions scheduled from today through September 23, 2010. You can set up an account with Rick Levin and Associates and bid on the asset items. Remember, you must go to the location to pick up any winning bids or arrange for shipment through your private sources.

Detective Krum

What happens to loans when a bank fails?  Some people suggest you do not have to pay your loan once a bank fails.  According to FDIC, you are still obligated to pay your loan.

Here is FDIC’s explanation of what happens to bank assets and outstanding loans.

• Prior to a bank’s failure, the FDIC offers some or all of the failing bank’s assets for sale to healthy financial institutions upon the bank’s closing.
• Loans not sold in the initial sale are packaged and offered for sale to the broader financial market, typically within a few months of the bank’s failure.
• Until the FDIC sells your loan, it undertakes the associated servicing responsibilities.

You have a loan with a bank that just failed.  The loan could be a car loan or mortgage, business loan or whatever. What if FDIC sells your loan?  FDIC’s reply to that question is explained below.

• Holders of loans, including the FDIC, routinely sell performing and non-performing loans in the financial markets.
• If the FDIC sells your loan, either at or subsequent to the time your bank is closed, the FDIC and the new owner will send you a notice of the transaction, with payment mailing instructions.
• The sale does not affect the terms of your loan. The new owner of your loan:
  • Must comply with all state and federal laws with respect to the ownership and servicing of your loan, including the Fair Debt Collection Practices Act,
  • Is entitled to collect all principal, interest, and other amounts owed, and
  • Assumes the receiver’s obligations and commitments.

Detective Krum

We have received questions about the Federal Deposit Insurance Corporation (FDIC) and deposits.  The FAQ section below is from FDIC. The question not asked in the FDIC FAQ section is what if FDIC goes bankrupt which reports suggest FDIC is already bankrupt.

FDIC Deposit fund had negative $8.2B balance in Q3 . The Treasury has their back. But let’s not forget – The FDIC does not have a legal “full faith and credit” guarantee from the US Federal Government and Treasury.

It has a “sense of Congress” resolution, but not a formal, legally-binding guarantee.

Credit Unions have a similar Insurance program. Keep in mind, the deposit money in banks does not belong to the banks, it is your money.  Banks use your money to leverage their investments. If they make poor investment decisions, it can cost you.

FDIC deposits over the $ 250,000 mark are lost. If your company, business or you personally deposit more than $ 250,000 in one bank in one account, you are always at risk of loosing anything over the $ 250,000.

FDIC Frequently Asked Questions

What is a bank failure?
A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This deals with the failure of “insured banks.” The term “insured bank” means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.

What is FDIC’s role in a bank failure?
In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank’s deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the “Receiver” of the failed bank, assumes the task of selling/collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit. (Another words, FDIC takes your money over $250,000 and sells your money to the highest bidder and FDIC takes it “cut” from the sale.  One other point assets can and do many times include real estate. If your home is worth more than the insured limit, you could be forced to pay the difference of a failed bank’s mortgage asset.)

What is the purpose of FDIC deposit insurance?
The FDIC protects depositors’ funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor’s account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank’s closing.

What is the FDIC insurance amount?
The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank.

Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank.

Deposits maintained in different categories of legal ownership at the same bank can be separately insured. (Krum’s Note: Notice the keyword here is different. That means more than one account in a variety of names)

Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured.

Who does the FDIC insure?
Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.

What does FDIC deposit insurance cover?
FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts (MMDA), and time deposits such as certificates of deposit (CDs).

What is the source of funding used by the FDIC to pay insured depositors of a failed bank? The FDIC’s deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved. (Krum’s Note: Look at Foreign Investment in the US and the portfolio here. Then check out  this pdf file showing what China holds in America here .)

How am I notified when my bank has been closed?
The FDIC notifies each depositor in writing using the depositor’s address on record with the bank. This notification is mailed immediately after the bank closes.

When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.

Every effort also is made to inform the public through the news media, town meetings, and notices posted at the bank.

Detective Krum

As of August 25, 2010 our credit union report follows.

There are about 180 Credit Unions in Florida. Credit Unions appear to be in much better financial shape than banks in Florida and I suspect, throughout the country. Of the roughly 180 Credit Unions, we see five specific Florida Credit Unions that are very weak and have a good chance to fail.

Credit Unions are rated by stars. One star means they are very, very weak and five stars means they are very strong. Five stars is like an ( A ) bank rating and one star is equivalent to an (E) rating.

I am listing what appears to be the very weak Credit Unions in Florida that have a strong chance of failing possibly this year.

Darden Employees F.C.U.  in Orlando, Florida

Florida Episcopal F.C.U. in Orlando, Florida

Keys Federal Credit Union in Key West, Florida

Tampa Bay Federal Credit Union in Tampa, Florida

Tampa Longshorman’s has no rating

St. James A.M.E. Church F.C.U. in Miami has no rating

SCORE Federal Credit Union in Tallahassee, Florida is rated zero

POC Federal Credit Union in St. Petersburg, Florida has no rating

Miami Shores Village Employees F.C.U. has no rating

Mac Neill Employees Credit Union in Sunrise, Florida has no rating

Lee County Mosquito Control C. U. in Ft. Myers, Florida has no rating

The remaining credit unions, most are strong.

Disclaimer: Please seek legal counsel and financial advice from a licensed financial adviser regarding your financial deposits. We are not providing financial or legal advice.

Detective Krum

More Florida Banks appear to be in trouble- 33 Florida banks to be exact and the list is here.  It appears some Florida banks are teetering on the brink of collapse. I have taken a few minutes to update a few of the Florida banks I believe may fail and go into receivership soon.  Remember, FDIC usually and I emphasize usually, waits until a Friday and goes in late on a Friday to close a bank.  You may want to consider moving your money from our list of failing banks very soon.

Banks in real trouble in Florida. (Note: It appears that SunTrust Bank is still in a very weak position. SunTrust Bank runs advertising saying they are strong and secure but the numbers appear to reflect a very weak condition.

AmericanFirst Bank in Clermont, Florida

Bank of Bonifay in Bonifay, Florida

Bank of Florida in Ft. Lauderdale, Florida

Bank of Florida in Naples, Florida

Bank of Florida in Tampa, Florida

Bank of Miami in Coral Gables, Florida

Bayside Savings Bank in Port St. Joe, Florida

Coastal Community Bank in Panama City, Florida

Community National Bank in Bartow, Florida

First Bank in Jacksonville, Florida

First Capital Bank in Marianna, Florida

First City Bank in Ft. Walton Beach, Florida

First Federal Bank in Palatka, Florida

First Guaranty Bank & Trust in Jacksonville, Florida

First Peoples Bank in Port St. Lucie, Florida

First Capital Bank in Jacksonville, Florida

Gulf State Community Bank in Carrabelle, Florida

Haven Trust Bank in Ponte Vedra Beach, Florida

Horizon  Bank in Bradenton, Florida

Independent Bankers Bank in Lake Mary, Florida

Independent National Bank in Ocala, Florida

Landmark Bank in Sarasota, Florida

Metro Bank in Miami, Florida (very likely to close real soon)

Oceanside Bank in Jacksonville Beach, Florida

Old Harbor Bank in Clearwater, Florida

Patriot Bank in Trinity, Florida

Premier Bank in Tallahassee, Florida

Putnam State Bank in Palatka, Florida

Riverside National Bank in Ft. Pierce, Florida

SouthBank in Palm Beach Gardens, Florida

Southshore Community Bank in Apollo Beach, Florida

Sunrise Bank in Cocoa Beach, Florida

Sunshine State Community Bank in Port Orange, Florida

TIB Bank in Naples, Florida

Tumberry Bank in Aventura, Florida (Likely to fail very soon)

Wakulla Bank in Crawfordville, Florida

Disclaimer: This post reflecting banks appearing to be in financial trouble does not assume these banks will fail however, in our opinion these banks have a strong possibility of failing and you should seek legal counsel before making a decision regarding any of our posts.

Detective Krum

Bank bailouts and taxpayer bailouts have yielded record bank failures. One must ask, What was the reason for all the bailouts?  Who profited the most from all the taxpayer bailouts? How can it be legal to saddle American taxpayers with debt while a specific few line their pockets? Have Americans become lazy and unpatriotic?  Reports of angry Americans do not seem to stop or alter continued pocket lining, why?

Bank failures and takeovers have reached record levels in 2010.  Here is a list for the last three months of bank failures across America.  As of August 20, 2010, we have seen 118 banks fail. In a short 8 months, 118 failed banks.  We have four months to go.  So Victory1Project is giving away a free iPod to the person who posts a comment on our blog guessing the correct number of bank failures we will have for 2010.  See rules below.

See More 2010 Bank Failures Below



Enter our Bank Failure Contest

————————————————————————————–

Contest Rules: Post a comment on this post guessing what the total bank failures for 2010 will be. Be sure to provide your email so we may contact you if you are the winner.  The person who guesses the exact number of bank failures, for 2010, according to the FDIC reports ( see here ) wins a free iPod from Victory1Project. If more than one person guesses the correct number of bank failures, we will provide each with a brand new iPod. The winner(s) will be posted here the first week of  January 2011.  You MUST have your guess posted on this blog or emailed to us  here no later than November 15th 2010 at midnight EST.  Contest ends November 20th, 2010. Winner(s) notified the first week of January 2011 here on this blog. Send us your information here.

Illinois, were the President played a roll in state politics, has a record 36 bank failures in just five months compared to Florida’s 29 bank failures during the same time frame.  Florida, California and Arizona were number one in foreclosures because baby-boomers started buying retirement homes and investors scarfed up property like candy. But Illinois? What is the connection with Illinois bank problems?  Could “ACORN” (the Association of Community Organizers for Reform Now) have played a role? What was Barrack Obama’s role with ACORN and the banking industry? How many Illinois banks donated to Barrack Obama’s political career?

The 23 banks that failed over the last 30 days.

Pinehurst Bank     Saint Paul  MN
Midwest Bank and Trust Company  Elmwood Park  IL
Southwest Community Bank     Springfield     MO
New Liberty Bank     Plymouth  MI
Satilla Community Bank     Saint Marys  GA
1st Pacific Bank of California     San Diego  CA
Towne Bank of Arizona     Mesa     AZ
Access Bank     Champlin MN
The Bank of Bonifay     Bonifay  FL
Frontier Bank     Everett  WA
BC National Banks     Butler     MO
Champion Bank     Creve Coeur     MO
CF Bancorp     Port Huron     MI
Westernbank Puerto Rico En Español     Mayaguez  PR
R-G Premier Bank of Puerto Rico  En Español     Hato Rey  PR
Eurobank En Español     San Juan     PR
Wheatland Bank     Naperville     IL
Peotone Bank and Trust Company   Peotone  IL
Lincoln Park Savings Bank     Chicago IL
New Century Bank     Chicago     IL
Citizens Bank and Trust Company of Chicago     Chicago  IL
Broadway Bank     Chicago  IL
Amcore Bank, National Association   Rockford  IL

new bank failures, Illinois failed banks, California bank failures, Florida bank failures, Arizona bank failures, Puerto Rico bank failures