Archive for June 19th, 2009

Magic Fingers Inventor Passes Away: Non-Boomers Ignore This Post

“Put in a quarter / Turn out the light / Magic Fingers makes you feel all right.” Jimmy Buffett Sorry but I have to write this post. John Houghtaling, the inventor of the Magic Fingers vibrating bed has passed away. For anyone out there under the age of 40 I apologize for this bit of [...]

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Friday Failures

Another hat trick for the FDIC. Three banks bite the dust. Here are the links: First National Bank of Anthony – Anthony, Kansas Cooperative Bank, Wilmington, North Carolina Southern Community Bank, Fayetville, Georgia Nice to see that Georgia is still contributing to the toll. It’s the Chernobyl of community banking. Here’s a link to a [...]

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The Fed Shouldn’t Be Part Of Obama’s New Regulatory Regime

I’ve read a lot of opinion on the new financial system regulations and written little about them for the simple reason that I believe the Congress will substantially alter what the Obama team delivered. Much of the punditry is premature in my view. There is, however, one issue upon which many seem in agreement and [...]

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