bank failures

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Latest blogosphere posts tagged “bank failures”

  • Sprott November Commentary: Massive Bank Leverage Is Still A Ticking Timebomb


    zero hedgeAuthority Authority: 761
    Eric Sprott concludes simply that nothing has changed, with the neutron bomb just waiting a Dubai-type event for everything to go back to Lehman levels: When the crisis was in full bloom last year, there was much talk of banks “de-leveraging” their balance sheets back down to more appropriate levels. ...
    22 hours ago
  • FDIC Officially Goes Bankrupt


    Liberty Maven Liberty Maven: For Liberty, One Individual At A TimeAuthority Authority: 574
    From today’s FDIC quarterly, there is final confirmation that the Deposit Insurance Fund is negative $8 billion. Originally published November 24, 2009 at http://www.nolanchart.com/Article7070.html WASHINGTON, DC – Today the FDIC released its  quarterly report , revealing that the Deposit Insurance Fund is ...
    2 days ago
  • A Closer Look at the FDICs Grim Quarterly Report


    The D & O DiaryAuthority Authority: 523
    The FDIC’s latest Quarterly Banking Profile ( here ) shows that as of September 30, 2009, the country’s commercial banks are continuing to struggle, and that as a result of the banks’ woes the FDIC’s Deposit Insurance Fund (DIF) is $8.2 billion in the red. The rising numbers of "problem" institutions ...
    3 days ago
  • FDIC goes RED (thanks Obama!)


    lgstarrAuthority Authority: 139
    WASHINGTON -- The government insurance fund that protects more than $4.5 trillion of U.S. bank deposits slipped into the red at the end of September, after fifty banks collapsed during the third quarter.
    3 days ago
  • 13 Million Negative Equity Homeowners and Negative Equity FDIC: The Shackles of Debt Leverage on the American Economy. FDIC $8.2 Billion in the red with 552 Troubled Banks on the Revised List.


    My Budget 360Authority Authority: 576
    The third quarter was devastating for banks and homeowners.  To show the growing divide between Wall Street and the American economy, the FDIC just released its third quarter banking profile.  The FDIC fund is not only broke, it is now in the red to the sum of $8.2 billion.  We’ve been warning that the fund ...
    3 days ago
  • ALERT - FDIC is broke (-8.2B)


    InvestmentWatchAuthority Authority: 156
    FDIC Deposit Insurance Fund Sinks To Negative Territory (Update with more details and quotes from FDIC Chairman Sheila Bair) The government insurance fund that protects more than $4.5 trillion of U.S. bank deposits slipped into the red at the end of September, after fifty banks collapsed during the third quarter. ...
    3 days ago
  • U.S. Fund for Bank Deposit Insurance Falls Into the Red


    Business Finance & Economy - business.marc8.comAuthority Authority: 166
    It was the first time the F.D.I.C. fund’s balance has been negative since the early 1990s, as the pace of bank failures accelerated in the third quarter.
    4 days ago
  • Bank Failures Send FDIC Into the Red


    Dollars & Sense blogAuthority Authority: 422
    There are no green shoots at the FDIC, only red ink. And its going to get worse before it gets better. From the New York Times : The government-administered insurance fund that protects depositors fell $8.2 billion into the red for the first time since the fallout from the savings-and-loan crisis of the early ...
    4 days ago
  • Freddie Says TBW Owes It. Uh, Doesnt Freddie Owe the Chinese?


    Jr Deputy AccountantAuthority Authority: 143
    pic credit and if you dont get it, Im not explaining it TBW is still a hot story apparently but I havent looked at it in awhile. Fuck, the Chinese are involved. That means PwC had to fudge the numbers (wild speculation) but since the whole house of cards collapsed, Freddie is crying that TBW crippled it. ...
    4 days ago
  • Up Scope! FDICs DIF Slips (Not So) Quietly Beneath the Waves


    zero hedgeAuthority Authority: 761
    For the first time since 1992, the Deposit Insurance Fund of the FDIC is showing a negative balance.  Luckily, Chairwoman Bair can borrow another $94 billion from the Treasury before it never runs out of money, ever hits the debt ceiling.  Hurry Shelia!   The Deposit Insurance Fund (DIF) decreased by ...
    4 days ago
  • Keeping Your Money Safe in Economic Turmoil


    Rich Credit Debt LoanAuthority Authority: 536
    While many are reacting to the news of bank failures and bailouts badly, there are a few people that are taking the time to assess the situation and figure out what they can do to stay on top, and keep their money safe. Panic is an ugly thing, especially when it involves money. Britain has already seen a run on ...
    4 days ago
  • Commercial Real Estate: How deep is the rabbit-hole?


    GreenLightAdvisor ViewsAuthority Authority: 143
    D.C.-area developer Jeff Neal gives the Huffington Post Investigative Fund a tour of empty commercial properties just blocks from the Capitol. Hundreds of small and medium-sized banks are facing huge numbers of possible defaults by builders who erected thousands of office towers, condominiums and shopping centers with ...
    5 days ago
  • The FDIC Anesthesia Is Wearing Off


    GreenLightAdvisor ViewsAuthority Authority: 143
    By Robert Prechter, November 20, 2009 The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist . For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks . Perhaps the single greatest reason for the unbridled ...
    6 days ago
  • Obama Economic Policies Hinder Recovery


    David DrakeAuthority Authority: 430
    Pbamanomics - the economic policies of Dear Leader His Excellency Barack Hussein Pbama Junior - Marxists policies created and intended to purposefully ruin the U.S. Economy - are preventing the rebound of the U.S. Economy . al -Reuters : . ..with banks reluctant to lend and consumers afraid of borrowing, ...
    6 days ago
  • The FDIC Anesthesia Is Wearing Off


    Veritas Vos LiberabitAuthority Authority: 475
    November 20, 2009 By Robert Prechter The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist . For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks . Perhaps the single greatest reason for the ...
    1 week ago
  • Bank Failures – how many tonight?


    tvanderwell on SmartHippo.comAuthority Authority: 139
    Calculated Risk: Bank Failure #124 in 2009: Commerce Bank of Southwest Florida, Fort Myers, Florida From the FDIC: Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of Commerce Bank of Southwest Florida, Fort Myers, Florida Commerce Bank of Southwest Florida, Fort Myers, Florida, was closed ...
    1 week ago
  • Bank failure Friday


    Rolfe WinklerAuthority Authority: 644
    It was a slow night. One small bank failed. #124 Failed bank: Commerce Bank of SW FL, Fort Myers FL Acquiring bank: Central Bank, Stillwater MN Vitals: at 8/28, assets of $79.7m, deposits of $76.7m DIF damage: $23.6m Central has been busy. They also acquired the assets of Riverview Community Bank and ...
    1 week ago
  • Bank failure Friday


    Fuck BankersAuthority Authority: 171
    It was a slow night. One small bank failed. #124 Failed bank: Commerce Bank of SW FL, Fort Myers FL Acquiring bank: Central Bank, Stillwater MN Vitals: at 8/28, assets of $79.7m, deposits of $76.7m DIF damage: $23.6m Central has been busy. They also acquired the assets of Riverview Community Bank and ...
    1 week ago
  • Bank failure Friday


    Gulag BlogAuthority Authority: 171
    It was a slow night. One small bank failed. #124 Failed bank: Commerce Bank of SW FL, Fort Myers FL Acquiring bank: Central Bank, Stillwater MN Vitals: at 8/28, assets of $79.7m, deposits of $76.7m DIF damage: $23.6m Central has been busy. They also acquired the assets of Riverview Community Bank and ...
    1 week ago
  • One Small Florida Bank Closed - 124th Bank Falure of 2009


    Bank Deals - Best Rates and DealsAuthority Authority: 440
    Only one small bank failed today. It was Commerce Bank of Southwest Florida which had only one branch in Fort Myers. The FDIC arranged for another bank, Central Bank in Minnesota, to assume all deposits, even those above the FDIC limit.Last Friday I missed a credit union liquidation. Ensign Federal Credit Union of ...
    1 week ago

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