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 10 Troubled BanksPosted on Jul 16, 2008
While depositors at IndyMac banks in California do battle for a chance to get their cash out, financial analysts have been crunching the numbers to identify other troubled lenders. ABC News snuck a peek to come up with this handy guide to banks with an unfortunate “Texas ratio.” That’s a measure of how strong a bank is based on the ratio of assets to bad loans. Click here (alert: Word document) to skip to one list, compiled by a labor-funded research group.
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Confronting the Terrorist Within
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Jump to Comments
By GW=MCHammered, July 16 at 2:18 pm #
(Unregistered commenter)
Sure glad I vacationed during most of the Dubya years and spent down my investments. Anyone else smell hyper-inflation brewing? Maybe what we really need isn’t a run on banks but a run on our Government.
With declining wages, dwindling business and falling tax revenues, wanna bet Social Security’s next? They’re gonna get our retirement, public workers too.
Report thisBy samosamo, July 16 at 2:04 pm #
So what’s happening with the ceo’s and loan officers and other top managers of these dangerous institutions? Getting their free ride out of town card to their favorite offshore investment house?
Report thisAppears accountability has been defaulted to the poor ole people that may or may not have any money left in those banks. And that may just be a way to let them fight it out and get arrested and start filling up all those blackwater dormitories made just for them.
I don’t know, I must not give myself credit for being smarter than I think. I had a good idea that this whole economy was a false one, the bubbles in late 1990s proved that but with the recent housing bubble, I mean, what part of a run down shack that could only be looked at as a house on the other side of the railroad tracks but costs $500,000 or more does anyone not understand as being totally out of line? But as usual, we stare disaster in the face and don’t blink just as Turin stared into the dragon’s eye and came under his spell PDQ and that spelled out his final disaster.
Almost have to agree with little curmudgeon phillie the willie grahmcrackers, the people just keep showing how the polities through the thorougly complicit enablers of the msm have got such a grip on the them that I thought it would be harder to make it rain or stop the rain than get people’s attention.
TRUST (the real ugly starts today)
By hippy pam, July 16 at 12:53 pm #
I am 61 years old and I have watched this COUNTRY GO TO THE DOGS....I was taught that people in office should be honest and have integrity because those people were representing whatever group they were in charge of and that their ACTIONS were representative of the honesty and integrity of that group.WE SURE GOT A BUNCH OF PEOPLE TO BE PROUD OF IN CHARGE OF JUST ABOUT EVERYTHING.And we gave them the power and WE HAVE DONE NOTHING TO STOP THEM-ANY OF THEM......WE JUST LETTING THEM KEEP ON FU*KING IT ALL UP!!!
Report thisBy particle61, July 16 at 4:43 am #
(Unregistered commenter)
bankrunblog posted a segment yesterday from CNBC that ticks off a list of banks whose ratio of nonperforming loans to cash on hand is dangerously lopsided.
reuters reported on sunday that an analyst from RBC Capital predicted that 300 banks could fail over the next three years.
redstateupdate.net reported earlier this year that the FDIC had hired more bank examiners this year in the expectation of an increased rate of bank failures.
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