tagged w/ failed banks
-
Government regulators closed four more banks Friday, which makes the total failures in 2010 to 143. It is the most in a single year since the savings-and-loan crisis. There were only three bank failures in 2007, twenty-five in 2008, before 2009 exploded with 140 closings.
The increasing number of failed banks is causing an already bleeding FDIC to go deeper into the red. Last year the deficit for the FDIC stood at $15.2 billion as of June 30, while the FDIC predicts the cost of bank fails from 2010 through 2014 to be around $52 billion. However, the deposit insurance fund may suffer a milder loss in 2010, which has reached about $21 billion so far this year, compared with $36 billion in 2009.
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/most-bank-fails-in-one-year-since-s.htmlGovernment regulators closed four more banks Friday, which makes the total failures in... more
-
-
Sorry, the link doesn't work. Check southern district of Forida Uited States attorney's office press releases.
Wachovia, the fourth largest commercial bank in the United States (they are merging into Wells Fargo Bank later this month). Highlights include the amount of $424 billion that was laundered by the bank from May 1, 2004 to May 31, 2007 for various Mexican CDCs, or ‘casas de cambio’ which are currency exchange houses. Millions of this laundered money was used to purchase airplanes for narcotics trafficking. Ultimately, more than 20,000 kilograms of cocaine were seized from these airplanes.Sorry, the link doesn't work. Check southern district of Forida Uited States... more
-
-
The FDIC took control of four more FAILED banks this weekend bringing the total this year to 29.
The failure rate has surpassed last years total of 25 all within 4 months.
The Treasury Department is due to release the results of their "Bank Stress Test" within a week.
Where will the total number of Failed banks be after that?
Will there be a run on the banks?
Please read article and decide for yourself.
If this concerns you, please check out the BANKS topic thread here on CURRENT.
Please read and discuss-The FDIC took control of four more FAILED banks this weekend bringing the total this... more
-
-
Bringing the total SO FAR to 28 this year.
Just wait until the Treasury releases the "stress test" results....
All this while banks pop up around every corner like Starbucks.
Too much of anything can be a bad thing.
Prepare for the upcoming Dollar Crisis. Read the writing on the wall.
Please read article at link and discuss-Bringing the total SO FAR to 28 this year.
Just wait until the Treasury releases... more
-
