State regulators close First Community Banks

Freedom New Mexico Regulators with the New Mexico Financial Institutions Division shut down First Community Bank, which has branches in Clovis and Portales. The Federal Deposit Insurance Corporation released a statement Friday that said it was named the receiver. According to the statement: l The bank failure and its sale is expected to cost the […]

Letter to the Editor: Voters must get economy on track

Regarding a recent letter about the free market, government regulation and job creation: There are laws already on the books that regulate banks and markets. Government regulators fail to enforce them. More odious laws and regulations are not the answer to holding regulators accountable for enforcing the current laws. Greed was the major factor with […]

Business feature: Regulators investigating cell phone providers, manufacturers

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CNJ photo illustration: Tony Bullocks Smaller service providers are concerned that exclusive contracts between manufacturers and bigger-name companies are hurting their business. By Eric Butler: Freedom New Mexico Federal regulators are beginning to take a look at business relationships between cellular phone providers and manufacturers. And regional providers like Plateau Wireless in Clovis say they […]

Credit unions angry over bailout tax

By Tom Philpott: CNJ columnist Federal credit unions, including those serving millions of military patrons, are fighting to keep off their books nearly $5 billion in charges that regulators have assessed to bail out their largest “corporate” credit union. The U.S. Central Federal Credit Union was in danger of insolvency due to losses on mortgage-backed […]

Federal agencies should back off land regulation

Freedom Newspapers Samuel Alito, the newest justice, sat in for the first time last week as the U.S. Supreme Court heard oral arguments in two important cases that could do much to define the regulatory reach of the federal government and the priority given to private property rights. The cases could tell us a great […]

Air regulations should be lifted during cost crisis

Freedom Newspapers Anybody else smell what we smell? It’s that time of year when the evocative aroma of wood smoke can be detected wafting through many area neighborhoods. And this year that smell could be a bit stronger, as high heating bills have residents turning to wood stoves and fireplaces to keep their homes cozy. […]

America needs to regain ‘personal responsibility’

Freedom Newspapers In the Old West, the word “regulator” had a variety of meanings. Often applied to range detectives hired by large ranchers to put a stop to cattle rustling, the word also was used for vigilante groups and sometimes even the rustlers themselves. Regulators, when working as private law enforcement officers, sometimes operated in […]