Thread: Is Your Bank Safe??? - Page 4 - MightyRighty.com - Conservative News and Discussion

Nevermind, my dad explained it to me. He said back when he was working in the banking industry, a bad loan required approximately 16 good loans to break even.

TOKYO (MarketWatch) -- Federal Deposit Insurance Corp. Chairman Sheila Bair said late Tuesday that commercial mortgages may run more banks out of business this year and next. In an interview with CNBC, Bair said commercial real-estate loans were "catching up" with residential mortgages as a threat to banks' balance sheets. "Commercial real estate is a looming problem. It's going to be a bigger driver of...

oh, this is just great....NOT The FDIC Is Broke - Now What? Quote: The FDIC Deposit Insurance Fund (DIF), carefully built up over decades, has been completely depleted in the first two years of this crisis. While there's a special levy on the way on September 30th that will help the FDIC continue to operate for a while longer, those funds will prove insufficient to last the year. Funds will have to be found outside of the usual and...

Just keep in mind the governments test appears to be biased IE Bank of America, on of the strongest, if not THE strongest bank in america who didnt get caught up in sub prime lending or any such nonsense was told by the Obama admin they needed to pay 70 million or something to be viable, yet banks that had failed and were rolled into other goit better scores They dont WANT strong independant banks, they want us to rely on them

Quote: Originally Posted by NonConformist Just keep in mind the governments test appears to be biased IE Bank of America, on of the strongest, if not THE strongest bank in america who didnt get caught up in sub prime lending or any such nonsense was told by the Obama admin they needed to pay 70 million or something to be viable, yet banks that had failed and were rolled into other goit better scores They dont WANT strong independant banks,...

Also keep in mind that BofA was FORCED by the government to go through with the acquisition of other failing banks, even after they'd determined that to do so would endanger their capital, "for the good of public confidence" in the banking industry.