Archive for July 29th, 2008

by jhwygirl

That from the San Francisco Business Times.

Yep, blame that increasing list of failed banks on blogs.

Who knew we had so much power? Quick, someone tell George Bush, Nancy Pelosi, Harry Reid, Denny Rehberg, Brian Schweitzer, Max Baucus….

According to that San Francisco Business Journal story linked to above, historically only 13% of the banks on the FDIC “troubled banks” list fail – but FDIC Chairperson Sheila Blair said that disclosing who is on that troubled bank list would likely boost that rate to 100%.

Now, just who is starting to sound hysterical?

FDIC compiles a list of troubled banks on a quarterly basis. Currently there are 90 banks on the list. While they say revealing the banks on their list would be “unfair,” they say that they release “reams of information” that customers can use to determine whether their banks are healthy.

Research Associates of American (RAA) has compiled a list of potentially troubled banks, based on what is called a “Texas ratio” – the ratio of assets and reserves to its non-performing loans. That method is based on what happened to Texas’ savings and loans during the 1980’s.

RAA gets the information from the FDIC.

ABC News, which obtained RAA’s list of troubled banks, tried to interview some of the banks on the list – including Eastern Savings Bank (with a 222.7 ratio) and Integrity Banks (a 191.6 ratio) – and neither returned calls.

Another bank – First National Bank of Brookfield (ratio 112.1) acknowledged that while the bank had many nonperforming loans, they were at least secured by real estate that is still remains high in value.

Hopefully they didn’t get that information from their local real estate agent.

Advertisements



  • Pages

  • Recent Comments

    Miles on A New Shelter for Vets or an E…
    success rate for In… on Thirty years ago ARCO killed A…
    Warrior for the Lord on The Dark Side of Colorado
    Linda Kelley-Miller on The Dark Side of Colorado
    Dan on A New Shelter for Vets or an E…
    Former Prosecutor Se… on Former Chief Deputy County Att…
    JediPeaceFrog on Montana AG Tim Fox and US Rep.…
  • Recent Posts

  • Blog Stats

    • 1,670,753 hits
  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 2,737 other followers

  • July 2008
    S M T W T F S
    « Jun   Aug »
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
  • Categories