FDIC Problem Bank List Surges, Putting Fund At Risk

FDIC Problem Bank List Surges, Putting Fund At Risk

www.marchreport.com

www.marchreport.com...-08-28-A07
FDIC Problem Bank List Surges, Putting Fund At Risk
The U.S. added 111 lenders to its list of "problem banks," a jump that suggests rising bank failures may force the Federal Deposit Insurance Corp. to deplete a reserve fund that shrank 40 percent this year. A total of 416 banks with combined assets of $299.8 billion failed the FDIC's grading system for asset quality, liquidity and earnings in the second quarter, the most since June 1994, the Washington-based FDIC said in a report today. Regulators didn't identify companies deemed

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The MSM announced last Thursday that the FDIC was "in the red."

Perhaps the bank holiday for last week was a little premature - but it does not look like they can put it off for very long.

Of course the latest 'news' out of our federal capital, DC (disaster central), is that the multi-trillion $ health-care plan will DIG US OUT of debt!

If you are IN a hole, the apparent wisdom is to DIG DEEPER!

Of course, why didn't I think of that????

So by digging deeper - the sides fall in - and we are buried - thus proving Nikita Kruschev to have been a prophet --"We will bury you."

www.marchreport.com
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reply to post by skycopilot

So by digging deeper - the sides fall in - and we are buried - thus proving Nikita Kruschev to have been a prophet --"We will bury you."

I think the .Gov's logic is flawed in this regard...

"If we have a bigger spoon in the hole with us...we can dig ourselves out faster than the sides cave in..."

Maybe...but the hole is pretty big and they might want a backhoe this time... :shk:

[edit on 8/30/2009 by Hx3_1963]

so what happens if the FDIC runs out of funds... then what?

reply to post by TheCoffinman
Won't happen as long as Uncle Sam can keep borrowing...

They have a bunch of back-stops for now to hold them over...

...Later it might be a problem...

Originally posted by Hx3_1963
Won't happen as long as Uncle Sam can keep borrowing...

Well Uncle Sam can keep borrowing until the cows come home....or until 'The Fed' stops creating endless amounts of money out of thin air, but when that happens it will be an 'Engineered collapse'

reply to post by TheCoffinman


No to worry I imagine that the printing presses at the treasury will be well equipped with printing all the money they will need.