wonder why more have not failed, already...
As CR and CNN report to U.S. more and more banks are being added to the "problem" lists.
Fast than they are being removed - by fixing themselves, or being shut down.
What another article points out is that the increased "profits" that most banks are reporting, or for smaller local community banks a smaller loss, is based almost solely on their reducing their loss reserves.
At same time as commercial RE loan problems are escalating - go figure.
And then there is the Fortune chart that show The Banks massive shift of funds INTO Treasuries.
Not loaning the money back to U.S., but rat hole it in TBills.
Unbelievable..., not just, that they are doing it...
but that we are letting them get away with it!
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Where the banks are failing
Bank failures and foreclosures keep mounting
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Problem bank list climbs to 829
http://money.cnn.com/2010/08/
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Bank failures take a breather
Bank regulators are getting a welcome late summer respite.
http://wallstreet.blogs.
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The bedridden banking recovery
The banks are feeling less woozy but have yet to get back on their feet
- let alone lend a struggling economy a hand
http://wallstreet.blogs.
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FDIC Q2 Banking Profile: 829 Problem Banks
http://www.calculatedriskblog.com/2010/08/fdic-q2-banking-profile-829-problem.html
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