"I couldn't possibly fail to disagree with you less."
1 September 2004A page right out of historyThe First National Bank of Bedrock? Well, why not? There is a town called Bedrock, near the western edge of Colorado, and it's not necessarily harder to run Web-based financial services there than it would be in Denver or Salt Lake City. But the Feds determined that it was a fake, and shut it down; a spokesman for the Comptroller of the Currency speculates that the "bank" site was used to collect personal information from (Via Fark) That whole thing makes it sound like there's nothing shady about brick and mortar banks or something. Terkish Payne, I call it as I see it, but I swear, officer, I didn't see nuttin. Anybody who was around here in, say, 1982, knows that "real" banks are capable of some serious swindling as well. (Two words: Penn Square.) Oooh, I almost forgot about the Penn Square scandal. Posted by: Babs at 10:54 AM on 1 September 2004My dad worked for the FDIC during the banking/petroleum debacle of the 80s. He told stories of Penn Square's loan committee making lending decisions during drinking games. Good times.. good times. Posted by: Dan at 10:16 PM on 1 September 2004He told stories of Penn Square's loan committee making lending decisions during drinking games. That might have been permissible, if the loan amounts were limited to 25¢... Posted by: McGehee at 8:16 AM on 2 September 2004Instead of, oh, $2.5 million. Posted by: CGHill at 9:59 AM on 2 September 2004 |