Category Archives: Economics

First Federal Tanks

Take a look at the stock of First Federal, a local bank (FED).  It has gone down from 69 to around 42.50  On Thursday, the company announced plans to buy back the stock to support the share price.  The stock … Continue reading

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Bank Financial Scandal Brewing

A source says: A financial scandal is brewing that the LA Times, as usual, is slow to pick up. It goes like this. When you have an adjustable rate mortgage, your payment is initially fixed, let’s say at $2500 a … Continue reading

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