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Jules

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About Jules

  • Rank
    Family Member
  • Birthday 07/22/1967

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  • Gender
    Female
  • Location
    Utah
  1. Awwww tanks everyone, I worked but I made sure I had a piece of cake. Jules
  2. Grace and Violets here is a story about the bank that had a run on it's cash when customers heard the bank had been seized: Office of Thrift Supervision FOR RELEASE at 6:00 P.M. EDT For further information Friday, July 11, 2008 Contact: William Ruberry OTS 08-029 202/906-6677 -------------------------------------------------------------------------------- OTS Closes IndyMac Bank and Transfers Operations to FDIC Washington, D.C. — The Office of Thrift Supervision (OTS) today closed the $32 billion IndyMac Bank, headquartered in Pasadena, California, and transferred operations to the Federal Deposit Insurance Corporation (FDIC). A successor institution, IndyMac Federal Bank, FSB, will open for business on Monday and be run by the FDIC. Depositors will have no access to banking services online and by telephone this weekend, but will continue to have access to their funds this weekend by ATM, through other debit card transactions and by writing checks. Online banking and phone banking services will be available again on Monday. The OTS has determined that the current institution, IndyMac Bank, is unlikely to be able to meet continued depositors’ demands in the normal course of business and is therefore in an unsafe and unsound condition. The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York. The letter expressed concerns about IndyMac’s viability. In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts. “This institution failed today due to a liquidity crisis,” OTS Director John Reich said. “Although this institution was already in distress, I am troubled by any interference in the regulatory process.” IndyMac is the largest OTS-regulated thrift ever to fail and, according to FDIC data, the second largest financial institution to close in U.S. history. IndyMac had been in a precarious financial situation that was caused, in part, by an unprecedented stress in the residential real estate market, combined with the evaporation of the non-agency secondary mortgage market in August of 2007. The OTS had significant concerns with the bank’s funding strategy, had directed appropriate changes and was finalizing a new set of enforcement actions to address its numerous problems. As a result of an OTS examination that began in January 2008, the OTS deemed IndyMac to be in troubled condition. An overwhelming majority of problem institutions are able to successfully modify their operations and business plans, work closely with their regulator and eventually return to a healthy condition. IndyMac had reacted to market conditions and OTS concerns in November 2007 by changing its operations and business plan to build a foundation for recovery. IndyMac was actively seeking to arrange a significant capital infusion or find a buyer. The recent release of the senator’s letter undermined the public confidence essential for a financial institution and took away the time IndyMac needed to pursue a recovery. With no viable alternatives and insufficient liquidity, IndyMac was placed into receivership. The OTS has appointed the FDIC as conservator of the newly chartered successor institution and will transfer most of the assets and liabilities of IndyMac to the new thrift. IndyMac specialized in making and selling so-called Alt-A mortgage loans, a category of loans to consumers more credit worthy than subprime borrowers but typically without the complete documentation of income or assets necessary to receive a prime-rate loan. Depositors’ accounts at IndyMac are insured by the FDIC’s Deposit Insurance Fund up to the statutory limits. Customer questions regarding the institution, including questions about federal deposit insurance coverage, should be directed to the FDIC at 1 (866) 806-5919. This toll-free number will be available during the following hours: Friday, July 11 – 3:00 to 9:00 p.m., PDT Saturday, July 12 – 8:00 a.m. to 8:00 p.m., PDT Sunday, July 13 – 8:00 a.m. to 6:00 p.m., PDT Thereafter: 8:00 a.m. to 8:00 p.m., PDT
  3. great deal on the dutch oven, they run forty to fifty bucks and more around here.
  4. Great thread, I was wondering if it would be worthwhile to have one of the jars tested in a lab? Providing they are all from the same batch, if one is contaminated then wouldn't all of them be contaminated? That way you would know for certain if you needed the special precautions that go with disposing of foods and other items that are in contact with botulism toxins.
  5. NYDebbie got it right, I live in the desert where it's very arid. We need humidity introduced into the air for comfort. We still go through lots of lotion and chapstick though. My swamp cooler is perched up on my roof. Water is pipped up to the cooler, it is fed over a large pad of sorts, and a large house fan forces misted air down into the house, and it cools as it moistens the air. It doesn't refrigerate the air. Some days I think I would like to have real air conditioning as that is colder than what my swamper does.
  6. Here is a link for a forum section (simplesurvival.us) all about EMP's: http://simplesurvival.us/forums/viewtopic.php?f=16&t=20 The topic contains a lot of links and plenty of reading about the subject I know very little about. (but should learn)
  7. I spent $55 dollars on five sun shades from Wally World and hung them on all of my west facing windows. We got an immediate break from the intense afternoon sun. The house is ten degrees cooler and we don't have to turn the swamp cooler on as early or run it as late as we were to stay comfortable. I love it!! It's nearly 11 am for me and normally I'd have the swamp cooler going right now but I don't need it yet. We were having to run it until midnight, now we can easily shut if off around 9 pm. At the end of September I will roll them all up and put them away for the winter and rehang them again next year. Yay!
  8. This is excellent news, congratulations!
  9. What an upsetting thing to have happen! Hopefully you can get things moved around and reorganized to make it look like you have less than you really do. I'm glad you had a chance to talk with your Mom, and I bet she's kicking herself for the slip. This has to be a really tough lesson for everyone involved.
  10. Jules

    Born too late!

    Hello and welcome aboard! I am a blend of both worlds, I am trying to live a more simple life and I rely on my computer for a lot of information. I'm looking forward to reading your posts, enjoy the forum.
  11. Earth Muffin?!?? Oh my gosh that's too funny!!
  12. Happy Birthday!! 1139-27a.gif
  13. OOO that's right! I forgot all about that, I think that's exactly what I need for my micro budget.
  14. Is this for HAM radio use? It's not a bad idea to have an alternative method to communicate with the rest of the world. I have a couple of c.b.'s but a ham would be fun to use.
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