The Finch Formerly Known As Gold

1 September 2004

A page right out of history

The 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 modern Stone Age families potential customers.

(Via Fark)

Posted at 8:29 AM to Dyssynergy


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.

Posted by: Terkish Payne at 9:01 AM on 1 September 2004

Anybody who was around here in, say, 1982, knows that "real" banks are capable of some serious swindling as well. (Two words: Penn Square.)

Posted by: CGHill at 10:12 AM on 1 September 2004

Oooh, I almost forgot about the Penn Square scandal.

Posted by: Babs at 10:54 AM on 1 September 2004

My 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 2004

He 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 2004

Instead of, oh, $2.5 million.

Posted by: CGHill at 9:59 AM on 2 September 2004