May 2 2009

FDIC Insures $4.7 Trillion in Deposits with a $13.6 Billion Deposit Insurance Fund. This is Like Going into a Hurricane with a 99 Cent Store Umbrella.

On Friday, three banks failed and the FDIC took them over.  Now this isn’t the big news necessarily.  What it significant is that one of the banks taken over was Silverton Bank of Atlanta, Georgia.  Silverton bank has $4.1 billion in assets and will cost the FDIC $1.3 billion from their dwindling insurance fund.  This […]

Jan 3 2009

10 FDIC Charts and Graphs Highlighting Bank Problems: FDIC Analysis Examining 2009 Future of over 8,000 Banks Insured by the FDIC.

With all the problems occurring in the banking system, it is rather astonishing that so few have failed in 2008.  At least that is the perception being put out there for us to digest.  Yet the failure of one IndyMac or Washington Mutual is the equivalent of 100 smaller bank failures all at once.

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