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CNN Reports 90 Banks in trouble with FDIC!!!!
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jlazarus
User ID: 348904
7/13/2008 7:49 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
I would not be surprised to see the total number failed before this is all over around 3-4......
Thousand. Quoting: Omega
I am a consultant in the financial industry. Unfortunately (for me for my living and for others for investments), I agree....
Lucky for me, I am also a housewife who has a husband that makes a good living, in a fairly safe sector. My income is extra - yes, it would hurt, but wouldn't kill us....(3 kids off to college - 1 this year, 1 next year, 1 the next) - so yes we would feel it, but then again, we wouldn't be as bad off as a lot of others.........
I can tell you that right now, it sure isn't looking good, and my 'fraud' feelings come back to haunt me. Not that I am a fraud, I am not, but having pulled myself up from nothing, I can clearly remember how it feels to wonder how the next meal was going to materialize. In some strange way, that I can not exactly explain, it makes me feel bad that my husband and I are insulated from what may be about to befall many, many souls.......
I will accept any rules that you feel necessary to your freedom. I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do. ~ Robert Heinlein |
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Anonymous Coward
User ID: 286595
7/13/2008 8:04 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
LOL If you hold your wealth in dollars, you are not "insulated". |
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Anonymous Coward
User ID: 428466 (OP)
7/13/2008 8:17 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
The key is what is going to happen in the foreign markets within the next few hours.... |
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Anonymous Coward
User ID: 466917
7/13/2008 8:26 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
That means its really more like 500 Banks in trouble. |
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SSW
User ID: 467665
7/13/2008 9:38 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Meh, the damned foreign markets and the US markets are gonna rally on today's news. Ptui. |
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Anonymous Coward
User ID: 466917
7/13/2008 9:42 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Meh, the damned foreign markets and the US markets are gonna rally on today's news. Ptui. Quoting: SSW 467665
yeah hip hip hurrah lol lets rally over the federal bye outs.people are living in a fantasy world. |
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Omega
User ID: 340280
7/13/2008 9:57 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
I would not be surprised to see the total number failed before this is all over around 3-4......
Thousand.
I am a consultant in the financial industry. Unfortunately (for me for my living and for others for investments), I agree....
Lucky for me, I am also a housewife who has a husband that makes a good living, in a fairly safe sector. My income is extra - yes, it would hurt, but wouldn't kill us....(3 kids off to college - 1 this year, 1 next year, 1 the next) - so yes we would feel it, but then again, we wouldn't be as bad off as a lot of others.........
I can tell you that right now, it sure isn't looking good, and my 'fraud' feelings come back to haunt me. Not that I am a fraud, I am not, but having pulled myself up from nothing, I can clearly remember how it feels to wonder how the next meal was going to materialize. In some strange way, that I can not exactly explain, it makes me feel bad that my husband and I are insulated from what may be about to befall many, many souls....... Quoting: jlazarus
Wow, thank you for sharing and I wish you the best of luck in your future endeavors.....
Handguns are a skill; shotguns an art; rifles a science.
_____________________________________
Democracy is two wolves and a sheep voting on whats for dinner.
Disarmament is the precursor to Genocide.
Better to take action now rather than chances later. Your choice. |
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Anonymous Coward
User ID: 419355
7/13/2008 10:06 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Is this how it works?
IndyMac (or any defaulted bank) gets to keep the $500,000,000.00 from the accounts that are over $100,000.00. The banks get to keep the foreclosed homes. The executives get to keep their multimillion dollar (pay/severance) packages. Then, the government steps in and gives the banks billions of taxpayer dollars to keep them in business.
It is obvious who is getting screwed here! |
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Anonymous Coward
User ID: 419355
7/13/2008 10:12 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
If things are so bad for tomorrow, why do the market futures keep going up?
[link to www.bloomberg.com] |
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Anonymous Coward
User ID: 428466 (OP)
7/13/2008 10:26 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Could this be a way to bring in the AMERO? |
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Anonymous Coward
User ID: 235352
7/13/2008 10:47 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Banking is going to get real ugly here soon. I work as an analyst at a large bank in Ohio and the overall feeling is that the poo will hit the fan shortly.
Many banks are going to need an equity infusion shortly just to make it through the rest of 08. I would recommend that you don’t keep all your eggs in one basket. People feel that since their money is insured through the FDIC that's good enough so they don’t worry about their deposits.
When things start to go south, many will find it difficult at best to get their deposits back. |
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INK
User ID: 452280
7/13/2008 11:08 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
BOA definitely one. Tried to get 100 dollars out of the atm at BOA today, and it would not allow me to. My checking account balance is more than sufficient to cover, but when I called their 800 number, they gave me a real run around and finally ended up saying that the account info I gave them, My SS, home address and name didn't match their records. When I asked the woman how that could possibly be, she said to go to the bank Monday and ask. I then used my debit card at a local supermarket with no problem, and took 100 dollars of cash. This also happened last Sun. and it was not due to lack of funds. They are up t something. Tomorrow I'm taking all my money out of that bank. Bastards. |
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Matrix
User ID: 461701
7/13/2008 11:14 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
The Feds can snoop on you and nail you to the wall if you even dare think about cheating on your income tax but yet they seem to always have trouble seeing trouble in their own back yard.
How is it they can pay people huge salaries to regulate the economy but yet when these kind of things happen they say.....geex, we sure didn't see that coming? If they didn't see it coming then why don't they fire incompentant regulaters? And where is Congress when this country is crumbling? They are no where to be found.
I tell you. There are a lot of people that need to go to prison and many others that need to be fired... immediately. This imcompentance cannot go on forever. Since Bush took office there has been more criminal actions in the coporate world as well as the Government world and no one ever has to pay. Quoting: Rota
"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed." Quoting: U.S. President Abraham Lincoln
"The financial system... has been turned over to the Federal Reserve Board. That board administers the finance system by authority of... a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of the other people's money." Quoting: Rep. Charles A. Lindberg (R-MN)
"These men are not incompetent or stupid. They are crafty and brilliant… If they were merely stupid, they would occasionally make a mistake in our favour." Quoting: James Forrestal, U.S. Secretary of Defence
Instead of looking after their own back yards, they have their noses in the back yards of others spreading freedom and democracy while blowing mega billions of dollars on contractors who are using cost plus mindsets to make sure their profits continue to climb. While the sheople look for their enemy of their civilization in the shadows, in plane sight their own who are charged via oath to give them protection are systemically looking the other way, as speculators lie and cheat their way into prosperity, leaving the tax payers on the hook to pay the tab of the clean up bill, when their party finally ends.
"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Quoting: Thomas Jefferson |
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Warbucks O'Bibble
User ID: 467566
7/13/2008 11:20 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
However, IndyMac Bank wasn't even on the list or under suspicion !
What does that tell you about the (not our !) government ?
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Anonymous Coward
User ID: 184760
7/13/2008 11:23 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
I would not be surprised to see the total number failed before this is all over around 3-4......
Thousand.
you're on fucking drugs, doomsayer.
35 percent of the banks in the US are not going to fail. |
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Anonymous Coward
User ID: 467704
7/13/2008 11:25 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
So why is the Nikkei up 146 pts as of 11:43 am 7/14? I don't get it. |
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Anonymous Coward
User ID: 464462
7/13/2008 11:50 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Pulled my money out 6 months ago... FUCK EM! |
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Anonymous Coward
User ID: 472625
7/24/2008 2:10 AM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
linky or 
hey asshole! it was on the television. i heard it as well. as a matter of fact i heard 3 times today, so kindly piss off you worthless piece of fucking shit.
ShutUp Idiot "LS Subscriber Master Thread Killer User ID: 437351" Unless you have something useful to participate.
You use profanity because you have nothing intelligent to say. |
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mary leavitt
User ID: 474039
7/26/2008 10:10 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
How To Sign Up For An FDIC Failed Bank Alert:
Here's the link: https://service.govdelivery.com/service/multi_subscribe.html ?code=USFDIC
Enter your e-mail address and you'll enter your name, etc. Then you'll have a menu of choices that you'd like to receive. Quoting: Anonymous Coward 467518 |
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LORDFERAL
User ID: 494139
8/30/2008 6:28 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Can anyone point me to this FDIC list of failing banks? Does it really exist?  |
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lejohn58@tx.rr.com
User ID: 517384
10/4/2008 1:15 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Just heard on CNN that at least 90 banks will be in trouble as of Monday. They are not going to be releasing names due to running of money!!! Quoting: Anonymous Coward 428466 |
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anonymous
User ID: 517210
10/4/2008 1:48 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Just heard on CNN that at least 90 banks will be in trouble as of Monday. They are not going to be releasing names due to running of money!!! Quoting: Anonymous Coward 428466
while everone is waiting for doom ..ok all of this happened in the 80s ..identicle mess..even new york city went Bankrupt..1979 New York city was the first city to go Bankrupt since great depression.....folks this all happened before, in the 80s..even around the globe..high oil spikes in prices caused it thena, as now..over inflated homes happened then also..old timers went through every thing before..slash waste from budgets ..heat less rooms in your homes..line dry clothing in your home..clear big sheet of plastic inside windows to block cold drafts and hold in heat ..no cold spots..it really works well.......cook from scratch if possible..pack lunch for work...cost one fourth of mac donalds big meals..prepare ahead for more inflation on utilities insurances municle taxes and food and other household supplies..car expenses etc...use your extra skills to earn cash on weekends prepare for sudden layoffs also..do it now...........that is how we got through the same mess during the 80s......we had stagflation..stagnant econmy and 12 percent inflation in one yr ....yr after yr..bussinesses everywhere were closing thier doors world wide.global recession in the 80s........scale back expenses now to make it through this.... |
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anonymous
User ID: 517210
10/4/2008 1:52 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Just heard on CNN that at least 90 banks will be in trouble as of Monday. They are not going to be releasing names due to running of money!!! Quoting: Anonymous Coward 428466
while everone is waiting for doom ..ok all of this happened in the 80s ..identicle mess..even new york city went Bankrupt..1979 New York city was the first city to go Bankrupt since great depression.....folks this all happened before, in the 80s..even around the globe..high oil spikes in prices caused it thena, as now..over inflated homes happened then also..old timers went through every thing before..slash waste from budgets ..heat less rooms in your homes..line dry clothing in your home..clear big sheet of plastic inside windows to block cold drafts and hold in heat ..no cold spots..it really works well.......cook from scratch if possible..pack lunch for work...cost one fourth of mac donalds big meals..prepare ahead for more inflation on utilities insurances municle taxes and food and other household supplies..car expenses etc...use your extra skills to earn cash on weekends prepare for sudden layoffs also..do it now...........that is how we got through the same mess during the 80s......we had stagflation..stagnant econmy and 12 percent inflation in one yr ....yr after yr..bussinesses everywhere were closing thier doors world wide.global recession in the 80s........scale back expenses now to make it through this.... |
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anonymous
User ID: 517210
10/4/2008 1:59 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Just heard on CNN that at least 90 banks will be in trouble as of Monday. They are not going to be releasing names due to running of money!!!
while everone is waiting for doom ..ok all of this happened in the 80s ..identicle mess..even new york city went Bankrupt..1979 New York city was the first city to go Bankrupt since great depression.....folks this all happened before, in the 80s..even around the globe..high oil spikes in prices caused it thena, as now..over inflated homes happened then also..old timers went through every thing before..slash waste from budgets ..heat less rooms in your homes..line dry clothing in your home..clear big sheet of plastic inside windows to block cold drafts and hold in heat ..no cold spots..it really works well.......cook from scratch if possible..pack lunch for work...cost one fourth of mac donalds big meals..prepare ahead for more inflation on utilities insurances municle taxes and food and other household supplies..car expenses etc...use your extra skills to earn cash on weekends prepare for sudden layoffs also..do it now...........that is how we got through the same mess during the 80s......we had stagflation..stagnant econmy and 12 percent inflation in one yr ....yr after yr..bussinesses everywhere were closing thier doors world wide.global recession in the 80s........scale back expenses now to make it through this.... Quoting: anonymous 517210
wallstreet was a mess then..banks and savings and loans folded then as now.high end resurants shut thier doors..recreation vehicles hardle sold at all...beat up older cars were everywhere as time went on..no one wanted to go in debt for a car..people shopped for secondhand good quality goods to save money....adjust bugets now ..you will survive this way.. |
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Be Aware !
User ID: 517144
10/4/2008 1:59 PM
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LOOK at this :
[link to globaleconomicanalysis.blogspot.com]
How can this be? How can the passage of the Bailout Bill find stocks limping awkwardly into the close? Wasn't this supposed to be our finest hour? The desperate resolution to the year-long crisis? Well, the reality we have tried to reveal here in Minyanville is that the Bailout simply will not work.
The credit markets have spoken. And they are saying - no, they have been saying all along - that the $700 billion Bailout Bill is nothing but a gnat attacking a buffalo. There has been an ongoing disconnect between stocks and credit markets for months now and even the action on Monday did little to correct it. |
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ANONYMOUS
User ID: 517210
10/4/2008 2:24 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
al of this happened in the 80s ..bank savings and loan bussinesses failures nation wide..a global recession then as now..over pricesd oil was the root cause...massive home forclosures ...we surved by being drugal packed lunched brought our own drinks everywhere..bought good second hand goods at cheap prices..cooked from scratch ..heated only serveral rooms to conserve on heat bills.. everyone conserved everwhere to survive inflation and longterm layoffs ..etc..and congress continued to give thierself raises..wallstreet was a mess then ..as now......being frugal got us through it.. |
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Anonymous Coward
User ID: 512084
10/4/2008 2:36 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
I just paid off a $6200 credit card debt I was putting off as long as possible, knowing the banks were going to fail. Darn it.
Had a court date over it. Had to pay it off before they came after assets. Quoting: Anonymous Coward 466537
The last time i checked credit cards are UNSECURED debt! |
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Anonymous Coward
User ID: 710428
6/24/2009 3:27 AM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
the FDIC added 14, bringing its count to 90 with total assets of $26.3-billion. Most have troubled loans in construction/development or commercial real estate.
[ link to www.tampabay.com] Quoting: LS |
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Anonymous Coward
User ID: 755794
8/24/2009 9:05 PM | | Re: CNN Reports 90 Banks in trouble with FDIC!!!! | Quote |
Just heard on CNN that at least 90 banks will be in trouble as of Monday. They are not going to be releasing names due to running of money!!! Quoting: Anonymous Coward 428466 |
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