The Bank Implode-o-Meter!

The Bank Implode-o-Meter!

This is a great site which gives you very current information on the number of bank closings are happening, have happened, or will likely happen. The numbers are huge.



The Unofficial list of troubled banks! 493 Is your bank on this list?

Thanks for that HH. if I had Excel on this puter I would take all that and throw it into a spreadsheet so we could sort it by state and stuff. Wish someone could do that for us tonite, so we could find our state's banks easier. Thanks again.

[edit on 3-8-2009 by KSPigpen]

reply to post by HunkaHunka


Sorry to be so dumb, but it appears that Texas set the standard.

Could you explain the chart in simple language?

reply to post by KSPigpen


I have it in Excel 2007 format, but no place to upload it

Been following implode sites for a few years...

But to check your banks health, use Bankrate.com Safe and Sound rating (or one other site that I forget, was it Bauer?).

Safe and Sound www.bankrate.com...

Bauer Financial Star www.bauerfinancial.com...

Originally posted by liveandlearn
reply to post by HunkaHunka

 

Sorry to be so dumb, but it appears that Texas set the standard.

Could you explain the chart in simple language?

Without getting into the dirty of the leverage ratio etc, the reds are the banks most likely to close. You will find most that have closed are in that range, because lots of them have/had negative leverage ratios... meaning serious debt.

As the leverage ratio goes higher and the list goes lower (towards yellow), banks are less likely to fail sooner. But they still do...

If a bank is on this list, it is one of the banks most likely to fail (unofficially)

[edit on 4-8-2009 by HunkaHunka]

Yeah, I love the implode-o-meter sites. I've been a fan for a while. I'm pretty sure it's the same guy that started the mortgage-implode-o-meter site.

Denninger has a pretty good commentary from 2 August 09 that lists three very large regional banks that should have been siezed a while ago. Colonial, Corus, and Guranty bank that together would just about wipe out FDIC's current assets if their recovery rate after seizure stays on par with what's been seized today.

I believe the FDIC is broke and knows it; that under the law they should have seized these three banks (and many dozens more, including some really big ones) some time ago, but doing so will force them to tap the Treasury "emergency" credit line. They're well-aware that this could instill quite a bit of panic in the public (never mind Congress!); as such they, along with OTS and OCC are conspiring to (once again) hide the truth and pray for an economic recovery before they are forced to act as the law demanded months or even years ago!

From The Market Ticker


That "Ticker" was written on Sunday August 2nd. And this week we had the following news items hit.

Feds raid Colonial Bank in Orlando

and

Guaranty Bank Agrees to be Taken over by Feds

Living in east central Alabama my eyes are turned toward Bham at the moment and the potential mess up there, but I await with mixed anticipation and dread, some real bank runs.