Bill proposes investing in local banks

By Kate Nash: The Santa Fe New Mexican State Rep. Brian Egolf is taking the `keep it local’ mantra to the extreme. Under a bill he’s carrying this session, the state would pull the roughly $1.4 billion it has in a Bank of America account and invest it in New Mexico banks. Egolf, D-Santa Fe, [...]

New credit bill will be painful fix for economy

Freedom New Mexico Banks are quietly changing credit card terms because of a law approved by Congress, ostensibly to prevent credit card abuses. Its effect, however, will be to restrict credit further and prompt banks to switch fixed-interest accounts to variable rates that can be increased even more quickly. The nobly named Credit Card Accountability, [...]

Government bullied banks into TARP funds

Freedom New Mexico A few smaller banks have begun to repay money loaned to them under the Troubled Assets Relief Program begun with $700 billion in October when the depth of the financial crisis became apparent, and the government decided some troubled financial institutions were “too big to fail.” But interestingly, repayment is not just [...]

Editorial: Government bullied banks into TARP funds

A few smaller banks have begun to repay money loaned to them under the Troubled Assets Relief Program begun with $700 billion in October when the depth of the financial crisis became apparent, and the government decided some troubled financial institutions were “too big to fail.” But interestingly, repayment is not just a matter of [...]

Government’s hand doesn’t belong in banks

Freedom New Mexico With the government, under a Republican president, taking equity positions in banks as it has injected money into various financial institutions, the talk around Washington is whether under a Democratic president the government will go ahead with what seems to some the next logical step: Why not just nationalize certain banks and [...]

Local banks, economy stable

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By Sharna Johnson: Freedom New Mexico Local bankers and economic experts say the Clovis and Portales area is insulated in some ways from the instability gripping the nation’s financial markets and filling citizens with trepidation about the future. Smaller towns such Clovis and Portales, for the most part, depend on small, local banks and the [...]

Food bank suffers shortage

By Marlena Hartz : Freedom Newspapers The Food Bank of Eastern New Mexico is caught in a food crunch that is gripping food charities across the United States, according to New Mexico Food Bank officials. The food shortage has halted food deliveries in eastern New Mexico and elsewhere, according to officials. “We are in a [...]

June 11, 2006 Anniversaries

Banks Loyd and Darlene Banks of Portales will celebrate their 50th wedding anniversary from 4 to 6 p.m. June 24 with a come-and-go reception at the Holiday Inn Express, 1901 W. Second St. in Portales. The celebration is hosted by their children Beverly Hall, Janet Fields and Lynda DeFoor, along with their grandchildren. The couple [...]

Area schools, banks observe Columbus Day

PNT Staff Area schools will recognize Columbus Day by canceling classes on Monday, while City Hall, the public library and the Roosevelt County Courthouse will remain open. Along with schools, local banks and the post office will also be closed. Officials at City Hall said there is no Columbus Day memorial or ceremony planned. Columbus [...]