FDIC Says 117 Banks In Trouble, More To Follow
The FDIC said 117 banks and thrifts were considered to be in trouble in the second quarter, up from 90 in the prior quarter.
The FDIC doesn't reveal the names of the banks on the list, but it does give the total assets of these institutions.
That number was $78.3 billion during the quarter, up sharply from $26.3 billion the previous quarter.
"More banks will come on the list as credit problems worsen and assets of problem institutions will continue to rise," said FDIC Chairman Sheila Bair in a press conference.
In its latest quarterly report on the industry, the F.D.I.C., also said earnings at banks and thrifts declined 86 percent from April to June, to $4.96 billion, from $36.8 billion a year earlier.
Labels: FDIC
posted by Robert Wenzel at 3:40 PM
3 Comments
3 Comments:
Crash, baby, crash!
I hope the whole thing comes crashing down and the US economy pancakes.
The only way that US aggression in Iraq, Afghanistan, et al will stop is if they can no longer pay their mercenaries. Also, the only way to get Israel to stop sucking on the American teat is if the teat dries up completely, then they will have to look elsewhere for a new host to devour.
seems that's going to happen. once the printing presses and the electronic creation of 'toilet paper' money causes the stagflation to get so out of control that wheelbarrows full of money won't buy a loaf of bread (because it's worthless fucking toilet paper backed by NOTHING) then the dollar will indeed tank.
then watch for the martial law declaration by the oligarch son of a bitch in the whore house!
as for the electile dysfunction about to occur, don't expect a change of the guard to the faux democrat named O'bombya, that ain't going to happen, and if it does, no sweat, this is all 'kabuki theatre' for the assholes who have not figured out that IT IS ALL ONE FUCKNG PARTY!!! and the MOSSAD and the Carlyle Group run this fucking gulag over here!
"I hope the whole thing comes crashing down and the US economy pancakes."
A worldwide depression would likely follow, which will affect you in ways you obviously can't comprehend. For example, when you're paying 3 times as much for the same goods, you can jump up and down in your streets waving burning flags all you like.
"they will have to look elsewhere for a new host to devour."
The last time this idea was championed was in Mein Kampf. I hope you know what that ideology leads to, although you're likely ignorant enough not to, given your second sentence. I recommend you read a few additional history books.
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