Note: since revised to 171 Banks
CNN - Indymac’s failure, which the FDIC chairman said could add up to be the most expensive U.S. bank failure ever, came as the FDIC’s list of “problem” institutions is on the rise. The FDIC disclosed last month that it was closely watching 90 financial institutions on its “problem list,” up from 76 in the first quarter of 2008. The total assets of “problem” institutions rose from $22.2 billion to $26.3 billion, the FDIC said. The number of troubled institutions monitored by the FDIC has grown in each of the last six quarters, starting in the fall of 2006 when there were just 47 on the list, the agency said. The FDIC does not publish a list of trouble banks out of concern it could spur a bank run, which is what the Office of Thrift Supervision (OTS) said happened to Indymac in recent weeks. More
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July 13th, 2008 at 1:10 pm
The Feds lowered interest rates But the Banks didn’t. Everything is going up Gas,Food,health car, You name it It’s going up,The banks are bring this on them selves.they are ripping every one off and nobody is saying anything about it.