http://money.cnn.com/2008/05/29/news/economy/fdic_report/index.htm?postversion=2008052913 Let's home the list leaks to wikleaks. It will be a short sellers holy grail.
maybe someone on this site can backwards engineer it using FDIC methodology? http://www.thought-criminal.org/article/node/1655 "Texas Ratio: Cassidy and his colleagues have developed an early-warning system for spotting future trouble at banks called the Texas Ratio. The ratio is calculated by dividing a bankâs non-performing loans, including those 90 days delinquent, by the companyâs tangible equity capital plus money set aside for future loan losses. The number basically measures credit problems as a percentage of the capital a lender has available to deal with them."
wow the shorts have already dug in deep to those 4. EWBC looks the least shorted of the 4, but still 20% of its 52 week high Ouch.
For what it's worth, the charts of DSL, FED and BKUNA suggest that these three are very close to failure. BKUNA recently announced a stock offering that sent the stock price below 1.
Hundreds of small irrelevant banks went under in the S&L crisis. This is part of the clean-up. However, it will get critical if big boys like C, WB, JPM, BAC go under.
"Texas Ratio: Cassidy and his colleagues have developed an early-warning system for spotting future trouble at banks called the Texas Ratio. The ratio is calculated by dividing a bankâs non-performing loans, including those 90 days delinquent, by the companyâs tangible equity capital plus money set aside for future loan losses. The number basically measures credit problems as a percentage of the capital a lender has available to deal with them." R = ratio NPL= Non performing loans including 90 days delinquent TEC = tangible equity capital FLLC = Future loan loss capital R = NPL/(TEC + FLLC) Now, where to easily find the data to plug into equation?
It will be fun when Wikileaks discloses the Swiss bank numbered a/c details of people involved in tax evasion and money laundering.
This text book Economics in any B school. Consolidation every 10 or so years. big deal. Just learn to use it in you advantage. Next time all TV channels talk about CRISIS go buy some puts and save you 401K. Get rich next time.