pretend that you don't really need the loan loss reserves...
that you know you will need to "cover" up your mistakes.
But, where IS your/the money better spent...
obviously, on MY salary and bonuses NOW...!!!
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FRIDAY, NOVEMBER 19, 2010
Unofficial Problem Bank list increases to 903 Institutions
http://www.calculatedriskblog.com/2010/11/unofficial-problem-bank-list-increases_19.html
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The FDIC released the Q3 Quarterly Bank report today.
Net income for the 7,760 insured commercial banks and savings institutions reporting quarterly financial results totaled $14.5 billion, a considerable improvement over the $2 billion reported a year ago. Third quarter net income was below the $17.7 billion and $21.4 billion reported in the first and second quarters of this year, respectively, but the shortfall was attributable to a $10.1 billion quarterly net loss at one large institution that had a $10.4 billion charge for goodwill impairment. Absent this loss, third quarter earnings would have represented a three-year high. Almost two out of every three institutions (63.3 percent) reported higher net income than a year earlier, and fewer than one in five (18.9 percent) was unprofitable. This is the lowest percentage of unprofitable institutions since second quarter 2008. A year ago, more than 27 percent of all institutions reported negative net income.
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FDIC's Bair rebukes bankers
Profit-minded bankers risk undermining the financial system's modest recovery
http://finance.fortune.cnn.com/2010/11/23/fdics-bair-rebukes-bankers/
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Unofficial Problem Bank list increases to 903 Institutions
http://www.calculatedriskblog.com/2010/11/unofficial-problem-bank-list-increases_19.html
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Bank earnings skyrocket in 3Q
as FDIC problem list nears 17-year high
http://www.housingwire.com/2010/11/23/bank-earnings-rose-in-3q-as-fdic-problem-list-nears-17-year-high
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