Upon Further Analysis — Archives
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FNBL: What Went Wrong?
Regulators shut down First National Bank of Lindsay (FNBL) in late 2024. Although the bank was small, the failure was notable due to the presence of fraud, the high loss rate on assets, and the FDIC’s decision not to fully reimburse all depositors. A proposed in-depth review of the bank’s failure is already eight months…
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In Praise of the Other Guy
Lopsided trades make a popular topic of conversation among sports aficionados. While it’s natural to focus on the player who goes on to greatness, it’s too easy to discount the accomplishments of “the other guy.” One famously lopsided trade occurred in 1972 when the St. Louis Cardinals traded Steve Carlton to the Phillies for Rick…