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Banks To Fail

Mike

Well-known member
A Ton Of Bailed-Out Banks Are On The Brink Of Collapse
Katya Wachtel | Dec. 27, 2010, 9:18 AM

98 American banks that received $4.2 billion in bailout money are teetering on the edge of collapse, according to the Wall Street Journal.

In Q2 the number of unsound banks numbered 86; the increase to almost 100 institutions - most of which are smallish banks with about $439 million in assets - comes as a result of decreasing capital and more bad loans.

Also, unlike the big banks, which basically had access to liquidity from the federal government whenever they wanted during the crisis via various emergency lending facilities, these smaller banks received only TARP funds.

There are 860 financial institutions on the FDIC's official list of problem banks.



Read more: http://www.businessinsider.com/bailed-out-banks-failing-tarp-december-27-2010-12#ixzz19PdSM44z
 

Steve

Well-known member
it will only get worse for awhile, commercial loans are increasingly unstable,

measures to delay foreclosures are only keeping the overall numbers of foreclosure suppressed, and as with any "market" it will eventually have to be taken off life support.. then the real grieving can start...
 
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