The U.S. has 840 banks in danger of bankruptcy
source: http://mamvas.blogspot.com/2010/08/estados-unidos-tiene-840-bancos-en.html
If so far the attention has been focused on European banks, as of now the action will focus on what happens in the U.S.. The Federation Deposit Insurance Corporate (FDIC), led by Sheila Bair, has increased to 840 the list of financial institutions on the brink of bankruptcy. This account suggests that banks in danger accumulated close to 410 300 million in assets and shows the giant black hole engulfing the finances of the United States.
To date, the FDIC has already rescued 118 banks and Friday, a total of eight entities had to be taken over by federal regulators, the average of what the agency involved each week. The problem is that at this rate, the FDIC itself is running out of resources. Only last week rescue cost the agency a total of 473.5 million dollars and we must remember that closed the last quarter of 2009 in the red, with almost 20 900 million dollars in negative.
To correct this situation, Blair decided to require banks under the control of the FDIC advance fees to be paid for these government-insured, ie able to raise about 45,000 million dollars. The fact is that this quantity should pay ransom for the next 36 months, in addition to plug the hole of the agency. With this rate of eight weekly interventions and a long road ahead, the number of bankruptcies will only increase. The embargoes continue to grow and the banks will inherit a number of impossible to sell houses. For the U.S., the crisis is still in its early stages.
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To date, the FDIC has already rescued 118 banks and Friday, a total of eight entities had to be taken over by federal regulators, the average of what the agency involved each week. The problem is that at this rate, the FDIC itself is running out of resources. Only last week rescue cost the agency a total of 473.5 million dollars and we must remember that closed the last quarter of 2009 in the red, with almost 20 900 million dollars in negative.
To correct this situation, Blair decided to require banks under the control of the FDIC advance fees to be paid for these government-insured, ie able to raise about 45,000 million dollars. The fact is that this quantity should pay ransom for the next 36 months, in addition to plug the hole of the agency. With this rate of eight weekly interventions and a long road ahead, the number of bankruptcies will only increase. The embargoes continue to grow and the banks will inherit a number of impossible to sell houses. For the U.S., the crisis is still in its early stages.
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End Of Article
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- groups:
- Community, Greatest Depression
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- tags:
- Economy, Debt, Great Depression
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UtopianSky
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So, if the US banks are screwed, and the EU banks are screwed, where should we put our money?
Japan?
China?
Our mattresses?
I can't put money in my mattress- it's a select comfort air mattress!Maybe Glenn Beck is right, and we should all buy gold!
No, I refuse to believe Glen Beck is right about anything. - 1 year ago
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UtopianSky
