{"id":175586,"date":"2021-01-15T19:14:00","date_gmt":"2021-01-16T00:14:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/01\/15\/well-shit-its-bank-failure-friday\/"},"modified":"2021-01-15T19:14:00","modified_gmt":"2021-01-16T00:14:00","slug":"well-shit-its-bank-failure-friday","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/01\/15\/well-shit-its-bank-failure-friday\/","title":{"rendered":"Well, Shit (It&#8217;s Bank Failure Friday!!! )"},"content":{"rendered":"<p>&nbsp;Do you know that I did not expect to see?<\/p>\n<p>Two credit union failures in the first two full weeks of the year.<\/p>\n<p>  <a href=\"https:\/\/i.imgur.com\/KdLq6Jt.jpg\"><img decoding=\"async\" src=\"https:\/\/i.imgur.com\/KdLq6Jt.jpg\" style=\"cursor: pointer; float: right; margin: 0px 0px 10px 10px;\" width=\"350\" \/><\/a>  Today, the   <a href=\"https:\/\/www.ncua.gov\/newsroom\/press-release\/2021\/indianapolis-newspaper-federal-credit-union-conserved\">Indianapolis\u2019 Newspaper Federal Credit Union<\/a>  of Indianapolis, IN was placed under conservatorship.<\/p>\n<p>  An article at <i>American Banker<\/i> says that they were shut down for, &#8220;<a href=\"https:\/\/www.americanbanker.com\/creditunions\/news\/ncua-takes-over-indianapolis-newspaper-federal-credit-union\">Unsafe and unsound practices at Indianapolis\u2019 Newspaper FCU<\/a>,&#8221; though no specifics are given.&nbsp;<\/p>\n<p>It does look like they were attempting something rather speculative, and ultimately unsuccessful, over the past 12 months though. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Do you know that I did not expect to see? Two credit union failures in the first two full weeks of the year. Today, the Indianapolis\u2019 Newspaper Federal Credit Union of Indianapolis, IN was placed under conservatorship. An article at American Banker says that they were shut down for, &#8220;Unsafe and unsound practices at Indianapolis\u2019 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[456,437],"class_list":["post-175586","post","type-post","status-publish","format-standard","hentry","tag-finance","tag-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/175586"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=175586"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/175586\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=175586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=175586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=175586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}