WASHINGTON—A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.'s list of "problem" institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.
Poor loan performance in other sectors also continued to hurt banks, with the total number of loans at least three months past due climbing for the 16th consecutive quarter, FDIC officials said in a briefing on Thursday.
"The banking system still has many problems to work through, and we cannot ignore the possibility of more financial market volatility," FDIC Chairman Sheila Bair said.
There were 702 on the FDIC's "problem" bank list at the end of 2009 and 252 at the end of 2008.
16 quarters - 4 years; they have been artifically
ReplyDeletepropping it up & now Fannie & Freddie have unlimited access to free money to continue on the premise that everybody in the USA has a right
to a 250K+ home.
When this sonofabitch comes down; you'll need a very good pair of ear plugs because the martians
are gonna hear it.
They have +- 63 days safety net-any longer and the panel goes red and flatlines. Recovery possible but difficult and cyclic.
ReplyDeleteThat's basically what Bob Chapman of The International Forecaster said about six months ago. He also said that the Illuminists are planning a U.S. bank holiday and new U.S. dollar, which would effectively devalue the current dollar by 30-50%.
ReplyDeleteAny of the bigger names on this list?
ReplyDeleteSunTrust, Wells(wachovia)Fargo, or BB%T ?
But I think these are among the "too big to fail" bunch.
I'm sure more smaller ones are, and those that they consider NOT to big to fail.
So I wonder if any of these bigger banks are on this list?
ReplyDeleteSunTrust, Wells(wachovia)Fargo, or BB&T?
I think these are among the so called too big to fail bunch.
I'm sure a lot of small, too small to survive banks, will be hit though.
FDIC is broke. Print, print, print. Seriously whi is counterfeiting illegal. The money is worthless anyways.
ReplyDelete...there is something...they want...May 24th...
ReplyDelete8:13 is not a real person.
ReplyDeleteAnyone who says things are improving is either saying it to be funny or doing it purposely to distract people.
May 24th explain yourself,
ReplyDeletemay 2 4 9er coming to usa
ReplyDeletewhat happens on May 24th?
ReplyDelete" no euro country will be allowed to renege on its debts."Say the Banksters.
ReplyDeleteHitler’s dream of a dictatorship of finance capital in Eirope is to be realised.
Get out the jackboots?
One nation ,One Reich , one NATO one central bank in Europe.Indivisible Union under The banksters and Euro /dollar swap unity for the God of Usury?
After the "swap" bail out of the Euro by the the US Fed bank.
The banksters must have their rights to full payment of debts at whatever the cost to the Europeans.
Nobody, or any country can be allowed to
default or escape from Austerity ,or else NATO
occupation guaranteed?
Just like the old glorious colonialist days?
And the US must protect its investments and derivitives and a potential Trillion dollar US
swapped currency stakehold too!
NATO? The Yank troops may soon be backing the €uro?The troops will follow the dollar!
May 22 (Bloomberg) -- European Union finance ministers pledged to stiffen sanctions on high-deficit countries and ruled out setting up a mechanism to manage state defaults, saying no euro country will be allowed to renege on its debts.
After committing as much as 860 billion euros ($1.1 trillion) to halt a European sovereign debt crisis, the ministers vowed to plug holes in the euro region’s system of penalties for countries with runaway deficits.
“We will provide new sanctions, more than is now provided,” EU President Herman Van Rompuy said after the four- hour brainstorming session in Brussels yesterday. “Everyone is ready to go ahead with a strong stability and growth pact.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMUKfcpOm7zg&pos=2
Anon 8:13 - continue to hit the Bong dude, it is serving you well, LOL.
ReplyDeleteWhat the articles infer is that the FDIC doesn't have enough money to cover the banks if they go under. The FDIC is supposed to insure all bank deposits up to $250,000, so if a bank fails, the depositors will get back that money from the FDIC. If the FDIC can't cover what is owed, then the Fed has to print more money, and that starts to make paper money more worthless than it already is.
ReplyDeleteAnd how are we to know if the Fed is printing money if they don't have to tell us what they are doing? We keep going round and round while the government doesn't do much of anything.
if above (bizarre) was true all would be deleted...have fun with homeland security, you advertise to go to federal prison?
ReplyDelete