Nov 1 2009
Plan C as in Commercial Real Estate - FDIC: 115 Bank Failures in 2009. Total Assets of FDIC Insured Banks $13.3 Trillion. $3 Trillion Backed by Shaky Commercial Real Estate.
It is one thing when a few analysts say that commercial real estate, that $3 trillion elephant in the room, is going to experience trouble starting next year. It is another thing when billionaire investor Wilbur Ross comes out and states that commercial real estate is going to crash and burn. We’ve been looking at [...]
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. [...]
