The number of “Problem Banks” and financial institutions on the FDIC’s watch List rose to 775 at the end of the first quarter 2010 up from 702 at the end of 2009, as bad loans in the commercial real-estate market weighed on bank balance sheets. The total assets of these problem banks increased from $402.8 billion to $431.2 billion.
At this point so far 109 banks have failed year to day...
I would highly recommend everyone look at the following link and the charts to give you a visual picture of what is taking place now! You must be logged in to see this link.
Where can a list of problem banks be found?Ones likely to fail.
i'm pretty sure the list is confidential. they will update the list shortly - not that 775 is as of 3/30.
FDIC does keep GAAP financial statements i believe and they have negative equity of more than $20 billion. that is as a result of the present value of resolving those 775 'problem' banks.
Buying: Peace/Morgan G+ at $15.00 copper cents at 1.3X wheat pennies at 3X
FDIC Problem Bank Watch List
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Posted - 08/08/2010 : 09:44:04
