FDIC Friday - 2009

Discussion in 'Economics' started by MattF, Jan 19, 2009.

  1. #41     Aug 23, 2009
  2. MattF

    MattF

    Well...I don't see that this year unless all hell breaks loose over the next few months...but maybe over a 2-3 year span. Only because many now are much bigger then what it used to be. Still these bigger regional banks that do fail even when bought up just make someone else larger when they fail...or run into trouble
     
    #42     Aug 23, 2009
  3. #43     Oct 3, 2009
  4. FDIC have been busy nine banks closed and taken over by US Bank.....cheaper by the dozen.

    www.fdic.gov

    Bank Closing Information
    October 30, 2009
    These links contain useful information for the customers and vendors of these closed banks.

    * North Houston Bank, Houston, TX
    * Madisonville State Bank, Madisonville, TX
    * Citizens National Bank, Teague, TX
    * Park National Bank, Chicago, IL
    * Pacific National Bank, San Francisco, CA
    * California National Bank, Los Angeles, CA
    * San Diego National Bank, San Diego, CA
    * Community Bank of Lemont, Lemont, IL
    * Bank USA, NA, Phoenix, AZ
     
    #44     Oct 31, 2009
  5. Dec. 4, 2009, 7:27 p.m. EST

    AmTrust, three Georgia banks closed by regulators

    By John Letzing, MarketWatch

    SAN FRANCISCO (MarketWatch) -- Cleveland-based AmTrust Bank, with 66 branches and roughly $8 billion in deposits, was closed by regulators Friday, as the ongoing credit crunch continued to claim victims.

    Three smaller banks in Georgia, an Illinois-based bank and a Virginia bank were also shuttered, bringing the 2009 total to 130.

    http://www.marketwatch.com/story/amtrust-bank-puts-2-billion-dent-in-fdic-fund-2009-12-04
     
    #45     Dec 4, 2009
  6. So FDIC is broke. They're now propping up failed banks with counterfeit T-bills?!?!
     
    #46     Dec 4, 2009
  7. #47     Dec 18, 2009
  8. MattF

    MattF

    Bridge banks now...gee, just open another one even if for a bit ;)
     
    #48     Dec 19, 2009
  9. S2007S

    S2007S

    Amazing how these banks fail and the fdic is easy to jump right in to make sure everyone is covered even know they have ZERO left.
     
    #49     Dec 19, 2009
  10. MattF

    MattF

    well, they can't exactly just say "sorry you're all screwed, "insurance" or not..."

    that would put a good panic on the sheeple wondering if their bank may be next...can't have THAT happen now can we :p
     
    #50     Dec 19, 2009