FDIC adds 54 more banks to its 'problem list'

[Anarpeace]

Source: AP

NEW YORK — The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50% to 171 during the third quarter — yet another sign of escalating troubles among the institutions controlling Americans' deposits.

In the second quarter, 117 FDIC-insured institutions were on the list. Now, at 171, the number of institutions on the FDIC's "problem list" is at its highest level since late 1995.

"We've had profound problems in our financial markets that are taking a rising toll on the real economy," said FDIC Chairman Sheila Bair in a statement, adding that Tuesday's report "reflects these challenges."

On average, about 13% of institutions on the FDIC's list end up failing.

Read more: http://www.usatoday.com/money/industries/banking/2008-11-25-fdic-problem-banks_N.htm

[mbperrin]

1. So how's that bailout goin'?

You know, the one where we're spending my grandkids' money to prop up banks.....

[RollWithIt]

10. Get ready to keep spending.....

The alternative is sadly incomprehensible.

[saigon68]

14. Yes just have them continue

To Print Money

[wildflower]

2. Someone here on DU once posted a link

Where you can look up your bank to see how safe it is. I wish I could remember when and where that was posted.

[OhioChick]

3. I remember seeing that, as well.

I think it was in GD. I hope someone comes along and re-posts it. I'd like to check on my bank.

[mikita]

4. one place you can check is

http://www.bauerfinancial.com/btc_ratings.asp

From my understanding, these ratings are NOT bought, like some other sites.

[OhioChick]

5. Thank You!

:hi:

[mcg]

12. another is Bankrate.com's Safe and Sound ratings ...

http://www.bankrate.com/brm/safesound/ss_home.asp

I don't know if these ratings are bought or not.

[Pale Blue Dot]

6. I've posted this one several times.

http://www.bankrate.com/brm/safesound/ss_home.asp

You can check banks and credit unions by name or by state.

[OhioChick]

7. Thank you, too.

I'll save both. I'd like to check on my bank from time to time. :)

[wildflower]

9. That's it!

Thanks! I'll bookmark it this time.

[Gadzooks1]

8. These are banks that didn't have a problem until the feds

started giving away free money...our money. All you have to do to qualify is be wealthy and demonstrate incompetence with other peoples' money.

[Sonicmedusa]

11. When the hell are they going to "get it?"

The banks wouldn't be having "problems" if Americans fucking had JOBS!

[Javaman]

17. oh they get it, they get it all too well.

this is the big pay out to morons* friends before he* leaves. the economy is purposely being trashed so Obama will have his hands completely full when he takes over.

this is all part of the repuke sour grapes plan.

remember how moronrove spread those rumors when jackass* took office regarding the "w"'s were stolen from all the key boards.

we all know now that it was complete bullshit, however, this time, what we are seeing is the same thing on a much more gigantic scale and it's not being done only to Obama, but to the entire nation.

there is an old depression era story that goes like this: the lease holder, after telling the share croppers that they had to leave their property, pissed in their last bucket of milk before he walked out the door.

moron* is pissing in the bucket of milk.

[cliffordu]

13. Slomo depression here yet????

I wonder what it will take before the politicos actually use the word.

You know, like Reagan and the word "Aids."

Like never.

[underpants]

15. Well....where the hell is the list????

It's OUR GOVERNMENT

[KeepItReal]

16. This looks like the govt. facilitating bank acquisitions

I saw 2 banks here in SoCal get taken over by the Feds and immediately handed over to US Bank *overnight*.

People here didn't even know the banks were in "trouble".

This sounds premeditated and deliberate.