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A Ton Of Bailed-Out Banks Are On The Brink Of Collapse
The Business Insider ^ | 12/27/2010 | Katya Wachtel

Posted on 12/27/2010 6:57:24 AM PST by FromLori

98 American banks that received $4.2 billion in bailout money are teetering on the edge of collapse, according to the Wall Street Journal. In Q2 the number of unsound banks numbered 86; the increase to almost 100 institutions - most of which are smallish banks with about $439 million in assets - comes as a result of decreasing capital and more bad loans. Also, unlike the big banks, which basically had access to liquidity from the federal government whenever they wanted during the crisis via various emergency lending facilities, these smaller banks received only TARP funds. There are 860 financial institutions on the FDIC's official list of problem banks.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: banking; banks; collapse; economy; tarp
Disgusting that American Banks were allowed to fail while we continue to prop up the global and the foreign Banks many of whom donated heavily to obama!
1 posted on 12/27/2010 6:57:26 AM PST by FromLori
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To: FromLori

Do I really have to say it?

2 posted on 12/27/2010 7:04:20 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: FromLori

Will someone with a subscription tell me if the SunTrust Bank is on the list? I understand it did not repay the TARP.


3 posted on 12/27/2010 7:04:36 AM PST by Albion Wilde (Government does nothing as economically as the private sector. - Ronald Reagan)
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To: FromLori

Hey! It’s all about hope n change!


4 posted on 12/27/2010 7:07:32 AM PST by alice_in_bubbaland (DeMint/Ryan 2012!!!!!)
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To: FromLori

Where can I find a list of these banks?


5 posted on 12/27/2010 7:13:32 AM PST by thethirddegree
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To: FromLori

When you want more of a certain sort of activity - you reward it. So, if you want more irresponibility, corruption and screwing over the American taxpayer - you reward banks with bailouts that do this very thing.

Then, if you are a Libtard - you sit around in utter shock and awe, that the bailed out banks have managed to lose the taxpayer money you just gave them.


6 posted on 12/27/2010 7:13:36 AM PST by Hodar (Who needs laws .... when this "feels" so right?)
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To: FromLori

Disgusting that we bailed out the non-US banks, but at least we didn’t bail out all of our banks. We could have done with allowing more failures to happen. It’s a necessary part of the market.


7 posted on 12/27/2010 7:13:47 AM PST by 9YearLurker
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To: Albion Wilde

The article does not give a full list. You can read it without a subscription by typing in...

Bailed-Out Banks Slip Toward Failure

using google search and clicking on the first link.

Another way to see is...

Unofficial Problem Bank List Reaches 844

http://calculatedriskimages.blogspot.com/2010/09/unofficial-problem-bank-list-september.htmlhttp://calculatedriskimages.blogspot.com/2010/09/unofficial-problem-bank-list-september.html

http://www.calculatedriskblog.com/2010/09/unofficial-problem-bank-list-increases.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+CalculatedRisk+(Calculated+Risk)

http://bankimplode.com/list/troubledbanks.htm


8 posted on 12/27/2010 7:13:57 AM PST by FromLori (FromLori)
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To: All
Behind The Real Size of Obama's Wall Street Bailout (more like $14 trillion)
Mother Jones | Dec. 21, 2009 / FR Posted January 04, 2010 by E. Pluribus Unum

A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street.

The price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle:

Treasury Department bailout programs (controlled by Rahm Emanuel)

Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid. Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets." GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion [PDF].

--SNIP--- long read

Federal Reserve bailout programs

Commercial Paper Funding Facility: With the support from the Treasury, the Fed established the CPFF in October 2008 to increase the availability of short-term debt (commercial paper) funding. Up to $1.8 trillion [PDF] was earmarked for the program.

Mortgage-backed securities purchase: In 2009, the Fed earmarked up to $1.25 trillion to buy investments based on home loans.

Term Asset-Backed Securities Loan Facility: TALF provides financing to investors who are buying asset-backed securities. In February 2009, the Fed and Treasury announced an expansion of the program to generate up to $1 trillion in new lending.

Foreign Central Bank Currency Liquidity Swaps: The Fed has provided $755 billion [PDF] for currency liquidity swaps with foreign central banks.

--SNIP--- long read


9 posted on 12/27/2010 7:18:18 AM PST by Liz (There's a new definition of bipartisanship in Washington -- it's called former member.)
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To: Albion Wilde

Oh p.s. as for those who haven’t paid back that list is here...

No, The Big Banks Have Not “Paid Back” Government Bailouts and Subsidies


Pro Publica has been maintaining a list of bailout recipients, updating the amount lent versus what was repaid.

So far, 938 Recipients have had $607,822,512,238 dollars committed to them, with $553,918,968,267 disbursed. Of that $554b disbursed, less than half — $220,782,546,084 — has been returned.

Whenever you hear pronunciations of how much money the TARP is making, check back and look at this list. It shows the TARP is deeply underwater.”

http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies

http://bailout.propublica.org/list


10 posted on 12/27/2010 7:18:28 AM PST by FromLori (FromLori)
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To: 9YearLurker

If it was necessary then they should have ALL been allowed to fail but that’s not what happened the banks that donated heavily to obama were allowed to wipe out their competition and since they were not all allowed to fail why should we be on the hook for the foreign banks while our own are being wiped out?

Fed throws euro banks a lifeline

http://finance.fortune.cnn.com/2010/12/21/fed-throws-euro-banks-a-lifeline/


11 posted on 12/27/2010 7:21:37 AM PST by FromLori (FromLori)
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To: Albion Wilde
98 American banks that received $4.2 billion in bailout money are teetering on the edge of collapse...

It is not possible for them to be on this list. SunTrust got more TARP funds than all these 98 banks combined, and no, they have not paid it back.

12 posted on 12/27/2010 7:25:45 AM PST by houeto (Government derives its just powers from the consent of the governed.)
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To: FromLori

We shouldn’t be on the hook for the non-US banks, but it’s not as if bailing out more US banks would have made our economy stronger.

We only made the problem worse by bailing out the big ones, over and over—and making them even bigger still. Bailing out all of our banks would have been even worse than bailing out only the ones we did. And that’s factoring in the noxious effects of having the government pick winners—or non-losers, to be more precise.


13 posted on 12/27/2010 7:27:22 AM PST by 9YearLurker
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To: FromLori
Without looking at the article, my guess is that most of these tiny banks have a name like...The first Kwanzaa bank of Affirmative Action, Chicago branch.
14 posted on 12/27/2010 7:31:39 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: thethirddegree

They didn’t publish the list but you can check banks safety here..

Bank Ratings for Thrift, Credit Union and National Banks.
Ratings information for: Q3 2010 now available
Search for safe financial institutions

http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx#ixzz19KEcfouE


15 posted on 12/27/2010 7:34:57 AM PST by FromLori (FromLori)
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To: FromLori

that has been the intent from the begining of the kenyan rule


16 posted on 12/27/2010 7:35:32 AM PST by SF_Redux (the scarier part about all these Marxists is, that a few of them can breed .. with the opposite sex)
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To: FromLori

When we bailed out banks in the 90s that speculated on the peso (CLINTOON), that sent the message: “Engage in highly leveraged, unsound, overly risky speculative activity, and if things don’t work out, we’ll stick it to the taxpayer.”

The BANKSTERS heard that message loud and clear. NO RISK! Party on, boys.


17 posted on 12/27/2010 7:37:08 AM PST by SC_Pete
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To: FromLori

The Wall Street Journal reports 98 shaky TARP recipients
are on the verge of failure as bad loans pile up. Please
consider Bailed-Out Banks Slip Toward Failure

h/t Mish

Tolja TARP was a mistake


18 posted on 12/27/2010 7:42:44 AM PST by griswold3 (Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.)
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To: thethirddegree

Where can I find a list of these banks?

http://calculatedriskimages.blogspot.com/2010/12/unofficial-problem-bank-list-dec-24.html


19 posted on 12/27/2010 7:43:16 AM PST by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: SC_Pete

Notice it’s not party on for the small American Banks? Really ticks me off knowing those same big banks donated heavily to obama for years and to acorn and were still allowed to stick it to the taxpayer while the small American banks are still falling like fly’s.


20 posted on 12/27/2010 7:43:22 AM PST by FromLori (FromLori)
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To: houeto

Thank you very much. Relatives have their stuff at SunTrust.


21 posted on 12/27/2010 7:49:51 AM PST by Albion Wilde (Government does nothing as economically as the private sector. - Ronald Reagan)
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To: OregonRancher

bump for later


22 posted on 12/27/2010 7:55:32 AM PST by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: FromLori

Thank you, FromLori! Merry Christmas!


23 posted on 12/27/2010 7:57:28 AM PST by Albion Wilde (Government does nothing as economically as the private sector. - Ronald Reagan)
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To: FromLori

Absolutely. The big Wall Street banks are all rat-infested. It’s a damn shame the small banks, the ones who obey regulations, are the ones taking the hit—along with us. The Federal Reserve must be abolished. It is an international money laudering operation, without oversight, for the benefit of a select few.


24 posted on 12/27/2010 7:57:32 AM PST by SC_Pete
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To: Albion Wilde; FromLori; SC_Pete

Tip o’ the hat from me too.

I have small-town bankers in my family. They are paying through the nose to FDIC (from under $20g in recent years to over a quarter million now) entirely to prop up the clowns who didn’t run a tight ship, as my kinfolk most definitely did.

Also they are scrambling to deal with the obscenity of the Dodd-Frank fiasco, which provides nothing but reams of paperwork and job guarantees for bureaucrats and legal teams, which the little guys just do not have the resources to support.

One Big Insurance Company/One Big Auto Company/One Big Bank/One REALLY Big Brother.


25 posted on 12/27/2010 8:11:09 AM PST by dblup
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To: FromLori

26 posted on 12/27/2010 8:11:23 AM PST by B4Ranch (Do NOT remain seated until this ride comes to a full and complete stop! We're going the wrong way!)
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To: dblup
One Big Insurance Company/One Big Auto Company/One Big Bank/One REALLY Big Brother.

Sucking everybody dry, no matter how they have tried to remain independent and thrifty.

27 posted on 12/27/2010 8:17:59 AM PST by Albion Wilde (Government does nothing as economically as the private sector. - Ronald Reagan)
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To: thethirddegree
"Where can I find a list of these banks?"

http://graphicsweb.wsj.com/documents/Failed-US-Banks.html

28 posted on 12/27/2010 8:27:30 AM PST by catnipman (Cat Nipman: Made from the right stuff!)
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To: B4Ranch

Not just a cartoon...

Totally Busted: The Truth About Goldman’s Bailout by the Fed

http://www.economicpolicyjournal.com/2010/12/totally-busted-truth-about-goldmans.html

Barack’s Wall Street Problem is Now America’s

http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/


29 posted on 12/27/2010 8:29:47 AM PST by FromLori (FromLori)
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To: dblup

This is what fascism is like: one or two favored players in each industry and destruction for everyone else. For the ones on the right side of political power, the elimination of competition is worth any amount of bribery and corruption. The regulators ultimately become the faciliatators of death of free markets. THIUS IS ALL B
Y DESIGN. Obama may be an idiot, but the sinister forces behind him are not. They are working day and night, in every nook and cranny of government to destroy our way of life and bring their SOCIALIST UTOPIA TO ALL.


30 posted on 12/27/2010 8:34:47 AM PST by SC_Pete
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To: OregonRancher

Where can I find a list of these banks?

http://calculatedriskimages.blogspot.com/2010/12/unofficial-problem-bank-list-dec-24.html


Cool, I searched the list and nowhere are the words “Credit Union” so I am safe, both of my banks are Local Credit Unions. If anyone is still out there banking with a big bailout bank I’d say get out while you still can, close your accounts and move on to a good local solvent bank or credit union.


31 posted on 12/27/2010 8:38:10 AM PST by King_Corey (www.kingcorey.com)
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To: FromLori
I found it remarkable this morning that the WSJ didn't publish the list. They published a list of failed banks but not the 100 which are the subject of the story. I tell ya again and again... its much worse than they are letting on... If this list needs to be kept secret, its because the knowledge would create some nasty chaos. Maybe someone should hire that wimpy little kid from Sweden to put it up on the Internet!
32 posted on 12/27/2010 11:24:19 AM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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To: FromLori

BTTT


33 posted on 12/27/2010 12:33:57 PM PST by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
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To: thethirddegree

http://www.bankrate.com/

Scroll down the page to “Safe & Sound Ratings.”


34 posted on 12/27/2010 4:14:46 PM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: FromLori
why should we be on the hook for the foreign banks while our own are being wiped out?

We're not on the hook for foreign banks.

35 posted on 12/27/2010 4:50:02 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Liz

And they can not afford to give us back our money they stole from us for socialist insecurity.


36 posted on 12/28/2010 3:23:14 PM PST by SaraJohnson
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