Moral Outrage
Whew! God help us!

FDIC Problem Banks number 775

A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.’s list of “problem” institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.

“The banking system still has many problems to work through, and we cannot ignore the possibility of more financial market volatility,” FDIC Chairman Sheila Bair said.

FDIC officials said they expected the number of failed banks to peak this year after climbing steadily over the past three years.

A total of 237 banks have failed since the beginning of 2008.


2 Responses to “FDIC Problem Banks number 775”

  1. Meanwhile, the remaining Big Banks are raking it in again! Record gains are concentrated at the giant institutions that are making billions on trading, stuffed to the gills with derivatives and not exactly distinguishing themselves as avid lenders.

    In fact, almost 80% of the industry’s first-quarter profit came from these biggest banks. And these profits, as is well known by now, came mostly from their trading desks, not from lending money to consumers and businesses.

    With the biggest banks raking in huge gains, the smaller institutions are obviously still struggling, with many more bank failures expected in 2010.

  2. I believe this is where The Core,- Treasury, U.S. Bank is Paying of Credit, to Our Foreign Banks.This will secure The Foreign Debt till we can Generate enough Profit in Our Markets to Save Our Small Banks, inside the Country. We’ve apparently Paid off The U.N. Debt we owed. Now we are securing Our Banks abroad. Then we will secure Our Banks at Home too.WE have to come up with enough Money to fight this war too, at the same time, plus run our Nation. This all has to happen in synchronization so we do not Foreclose as a Global Bank. When we reach a saturation point and the global markets respond positively we will all gain perspectively and the Small banks will recover if they can stand to stay in business. It all depends on how much debt there is in these banks. This also recovers the U.S. markets from toxic debts that are connected to the dollar and recovers the market value of our Nations wealth. This is Our Turning point in the Global affairs.We will recover. One Day at a Time.

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