Comments on: Massive Bank Failures Must Be on the Way

By: Editor

Editor — Sat, 24 Oct 2009 17:06:07 +0000

A reassuring message indeed, but it’s a version she’s offering consumers. For most of her tenure, she’s been singing a different tune to Congress.

As far as bank failures and an economic recovery goes, we’ll see…

By: Jim Perry

Jim Perry — Sat, 24 Oct 2009 13:26:23 +0000

Well Jeffry, yesterday we went over the 100 failure mark with about 10 weeks left to go in the year. FDIC Chairman Sheila C. Bair posted this youtube video yesterday to put the occasion in context. http://www.youtube.com/watch?v=7BxiEJcOoo0 Any thoughts?

By: The Financial Brand » Blog Archive » Are you safe? Here’s 20 things you had better know

Mon, 23 Mar 2009 11:22:03 +0000

[...] estimates place the number of banks that will fail this year at around 100. The Financial Brand’s forecast isn’t quite so optimistic. With three banks seized by the FDIC on Friday, the total is now 20 [...]

By: Editor

Editor — Tue, 17 Mar 2009 00:50:47 +0000

UPDATE: The failures are coming. 100-200 this year.

By: Editor

Editor — Tue, 10 Mar 2009 15:16:54 +0000

UPDATE: The FDIC believes U.S. bank failures will cost the deposit insurance fund more than $65 billion over the next four years. "We'd like a bigger cushion. We'd like to be prepared for all contingencies, so we are increasing our reserves, our assessments, so that should bolster our reserves some more," Bair said.

By: Editor

Editor — Tue, 10 Mar 2009 04:38:55 +0000

UPDATE: Too big to fail? This article says top 5 biggest banks are 'dead men walking.' Banks listed include Citibank, Bank of America , HSBC Bank USA , Wells Fargo Bank and J.P. Morgan Chase