It’s Bank Failure Friday again
4 banks went down today. Calculated Risk has their Unofficial Problem Bank List at 641 banks now. Feeling prosperous yet?
"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
4 banks went down today. Calculated Risk has their Unofficial Problem Bank List at 641 banks now. Feeling prosperous yet?
FDIC list Calculated Risk: That makes five bank failures today, and two with over $1 billion in assets each. There were 140 bank failures in 2009, 25 in 2008 and 3 in 2007, so that makes 171 for this cycle.…
That’s 140 so far this year. Some banks had uninsured depositors (because they had more in the bank than the insured limit.) Calculated Risk’s unofficial problem bank list has increased to 551, and they have it online in a handy,…
Georgian Bank, which wasn’t on the FDIC list of problem banks as of June 30, failed last week. How many more banks are looming in the darkness out there that appear to be healthy but aren’t? What’s scary is that…
Gosh, what could go wrong with a risky conflict of interest like FDIC borrowing money from banks so it can prop them up if they fail?