A Ton Of Bailed-Out Banks Are On The Brink Of Collapse

The Business Insider ^ | 12/27/2010 | Katya Wachtel

[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.

[Albion Wilde]

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

[harpu]

bump for later

[Albion Wilde]

Thank you, FromLori! Merry Christmas!

[SC_Pete]

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.

[dblup]

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.

[B4Ranch]

[Albion Wilde]

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.

[catnipman]

"Where can I find a list of these banks?"

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

[FromLori]

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/

[SC_Pete]

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.

[King_Corey]

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.

[April Lexington]

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!

[BenLurkin]

BTTT

[familyop]

http://www.bankrate.com/

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

[Toddsterpatriot]

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.

[SaraJohnson]

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