A blog about Politics, News, and Kern County.
Gender: female Date of Birth: December 25, 1978 Member Since: August 17, 2007 Last Signed In: November 23, 2009 Profile Views: 468 Blog Views: 3719 World's Strictest Parents San Joaquin bank Urgent Care ratings KHSD Security Town Hall Circus Anybody with Car Wash Troubles? Assignment for Bakersfield Readers Free Medical Care Any luck with AppleOne? News staff needs to read blogs January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 November 08 December 08 January 09 February 09 March 09 April 09 May 09 June 09 July 09 August 09 September 09 October 09 November 09 
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San Joaquin bank
Were the regulators for San Joaquin bank asleep? I was researching banks this summer, and San Joaquin had a 4-5 star rating. I didn't become a member because when I went over there I realized it was a business bank and you had to have $800 to open an account. It is ridiculous that a bank went from a ranking of 4-5 stars to closing within six months. I guess it is another business or corporation that looks financially secure to the public, but insiders know that it's losing money. 2 comments from 2 users
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posted by
Bakersfieldbubble
on Oct 19, 2009 at 08:11 AM
Calculated Risk Blog has had San Joaquin on their troubled list for sometime now and I have written about them here a few times. Clearly, they had been understating the problem since the FDIC (ie US Taxpayers) will be footing the bill for this loss of $100 million dollars! Thanks SJB! WIll the board of directors and senior management pay this money back??? posted by
hotandfoggy
on Oct 19, 2009 at 06:33 PM
Thanks bakersfield bubble. When I asked for bank recommendations about six months ago somebody mentioned San Joaquin. You seem like you're a financial guy. Do you know if there is any way I can subscribe to your blogs?
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