Bank Failures

Jan

2010

One More Friday In January; 9 Banks Have Failed This Month

I dislike being the bearer of this type of bad news, but it is only going to get worse considering who is at the helm in the District of Criminals. Five Banks Fail; Year's Total at 9 Regulators seized five banks in Florida, Missouri, New Mexico, Oregon and Washington, lifting the total number of failures this year to nine as financial institutions struggle with loan defaults and a weak economy. Two of the five institutions had assets of more than $1 billion. The Florida bank, in Miami, was sold to an investment group that includes former North Fork Bancorp Chief…

Dec

2009

By Logistics Monster

What Is The FDIC Preparing For?

Economy, The Federal Reserve, Wall Street BanksBank Failures, Bob Chapman, FDIC, International Forecaster

Is Bob Chapman of the International Forecaster correct when he says that his sources state that there are actually 2,035 banks in trouble and that in 2010, he expects between 2500 and 3000 bank failures? (See below post for audio.) Is he also correct when he states that this will cost the FDIC some $800 Billion to $1 Trillion dollars? What about that $800 Billion that Fannie and Freddie supposedly need? I'm still searching for confirmation of those exact numbers. Is this what Chapman is talking about? Bank Agency Boosts Budget 35% The Federal Deposit Insurance Corp. in the next…

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