Well said!
On Mar 25, 9:41=A0am, Doobie Keebler <kooper...@[EMAIL PROTECTED]
> wrote:
> Drat! Those dirty socialist s*** at the Wall Street Journal keep
> printing this 'doom and gloom'...
>
> FDIC to Add Staff as Bank Failures Loom
> By Damian Paletta
>
> WA****NGTON -- The Federal Deposit Insurance Corp. is taking steps to
> brace for an increase in failed financial institutions as the nation's
> housing and credit markets continue to worsen.
>
> The FDIC is looking to bring back 25 retirees from its division of
> resolutions and receiver****ps. Many of these agency veterans likely
> worked for the FDIC during the late 1980s and early 1990s, when more
> than 1,000 financial institutions failed amid the savings-and-loan
> crisis.
>
> FDIC spokesman Andrew Gray said the agency was looking to bulk up "for
> preparedness purposes." The division now has 223 employees, mostly
> based in Dallas.
>
> http://online.wsj.com/article/SB120398607404892133.html?mod=3DWSJBlog
>
> =A0February 26, 2008, 11:26 am
> FDIC Classifies 'Problem' Banks
>
> magnifyThe FDIC classified 76 banks as "problem" institutions for the
> fourth quarter of 2007, up from 65 in the third quarter, showing that
> a growing number of financial institutions are under strain.
>
> "Problem" institutions are those under closer regulatory scrutiny, as
> the banks are more likely to have weak capital cu****ons to prevent
> against failure. The FDIC never identifies which institutions are on
> the list, as it could lead customers to rapidly withdraw funds from
> the bank.
>
> The 76 "problem" institutions had combined assets of $22.2 billion,
> the FDIC said. Federal bank regulators have said they expect to see
> more bank failures in the future.
>
> .
> .http://www.seattlelighthouse.org/annual_re****t/2005/AR2006_final2.pdf
>
> Odd. They don't publish the list to warn us of which banks are in
> trouble.
>
> We'll just have to guess, since the FDIC won't warn us.
>
> Wouldn't want to trigger a run on a bank, now, would =A0we?
>
> .
http://www.seattlelighthouse.org/annual_re****t/2005/AR2006_final2.pdf
http://www.nwsource.com/shopping/columns/stylefile/kathy_091505.html
> .d
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