Meredith Whitney Predicts More Than 300 Bank Failures http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5_XmLUK1JRc
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
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
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
7 more this weekend... SAN FRANCISCO (MarketWatch) -- Seven U.S. banks were closed by regulators on Friday, bring the total this year to 140 as the effects of the credit crisis continued to be felt across the country. http://www.marketwatch.com/story/seven-us-banks-closed-2009-failures-at-140-2009-12-18
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.
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