lewrockwell.com— Want to see if your bank will be the next to fail? This list covers ALL banks in the US. You won't find this anywhere else on the internet.
Dec 29, 2008View in Crawl 4
The bank I use most has a Texas ratio of 1. I think anything above 50 is cause for some concern. To say "FDIC has my back" would imply that there are actual funds "in" the FDIC somehow. There are not. If a hundred or so banks failed at once (and there are plenty on Chris Brunner's list) there's no telling how long it would be before the FDIC could pay off anyone.
You won't find this anywhere else on the net because it is pure speculation and most sites don't post fear mongering fantasy articles. There will be many mergers in 09, but few if any failures !
planetaryjimDec 30, 2008
The bank I use most has a Texas ratio of 1. I think anything above 50 is cause for some concern. To say "FDIC has my back" would imply that there are actual funds "in" the FDIC somehow. There are not. If a hundred or so banks failed at once (and there are plenty on Chris Brunner's list) there's no telling how long it would be before the FDIC could pay off anyone.
Closed AccountDec 30, 2008
You won't find this anywhere else on the net because it is pure speculation and most sites don't post fear mongering fantasy articles. There will be many mergers in 09, but few if any failures !
jsmithersDec 30, 2008
ANYONE got this sort of info for UK banks?
Closed AccountDec 30, 2008
The good news is my bank appears to be in little danger of collapse. The bad news is I don't have much money in it...
jeffiner44Dec 31, 2008
Good job! Thanks for watching our backs. This must have taken a ton of time to compile. The author has my deepest gratitude.
waznah2Jan 4, 2009
Great list...real public service. Thanks for the effort.Please update the list on a regular basis ... hint
ziodinoAug 28, 2009
I just copied the whole table to a "Numbers" Program (Apple Excel Equiv) and played with the table from there no prob.