Oct 12 2009

Federal Reserve System: 12 Regional Banks with 1 Central Power Base. The New York Fed. Over 70 Percent of Assets with New York Fed.

The Federal Reserve Banks are broken up into 12 regional banks across the country by geographic location.  Some excellent data has been provided from certain divisions including the St. Louis Federal Reserve Bank.  Yet as we have found with the over 8,000 FDIC insured banks, the real power is held by roughly 100 banks.  When […]

Oct 1 2009

FDIC Insuring 8,200 Banks with $9 Trillion in Deposits and Zero in the Deposit Insurance Fund. Calling Banks to Prepay Assessment of $45 Billion.

The FDIC has greatly underestimated the problems of our nation’s banking system.  Earlier in the week the FDIC proposed that banks put up $45 billion to protect bank depositors.  The average American must be amazed that a system backing $9 trillion in deposits is essentially broke.  Clearly the FDIC has the backing of the U.S. […]

Sep 2 2009

FDIC Insured Institutions have $13.3 Trillion in Assets. 8,195 Banks and 116 Institutions Hold $10.2 Trillion of Those Assets. One out of Four Institutions Unprofitable. 1,000 Banks Will Fail or Merge.

The banking system has taken the country to the financial edge of the greatest recession since the depression.  The enormous number of bad loans floating out in the economy only complicates the unemployment situation.  When we look into the latest banking data, we realize that over 1,000 of current banks will fail or merge with […]

Aug 1 2009

FDIC Loan Report and Plan C: Nearly Half of the $7.7 trillion in Loans Outstanding at FDIC Insured Banks are in the form of Commercial Real Estate. USPS Contracting CRE Space. Drop in Restaurant Traffic.

The commercial real estate debacle is heating up.  Although the market is cheering the better than expected drop in second quarter GDP, much of the reason for a less than spectacular fall came from the “G” in the equation, government spending.  By the way, we revised Q1 GDP lower to -6.4 percent but not much […]

Jul 12 2009

S&L Crisis Part Two: Are We Repeating Mistakes from the S&L Crisis? Accounting Sleight of Hand and Mortgage Fraud.

During the savings and loan crisis (S&L crisis) of the 1980s and 1990s a total of 745 thrifts failed.  If we look at the history of the crisis, total losses were largely saddled to the American taxpayer.  It is estimated that some $160.1 billion was the total bill for the crisis with roughly $124.6 billion […]

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