By: perceptions_now
15/08/2009
3:07 pm Yahoo! Profile:
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| WAMA = WAMU |
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By: perceptions_now
15/08/2009
3:04 pm Yahoo! Profile:
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UPDATE!!!
It seems there were a few stragglers, there are now 5 for this week!
http://www.fdic.gov/bank/individual/failed/banklis t.html |
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By: perceptions_now
15/08/2009
3:00 pm Yahoo! Profile:
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By: perceptions_now
Today (9:33 am)
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Re:Economic Downturn to Continue? Reply to this message
BB&T Takes Over Colonial After Biggest U.S. Failure Since WaMu
Aug. 14 (Bloomberg) -- Colonial BancGroup Inc., the Alabama lender facing a criminal probe, had its banking operations closed by regulators and taken over by BB&T Corp. in the biggest bank failure since Washington Mutual Inc. collapsed last year.
The collapse pushed the number of failures to 74 this year, as regulators close banks at the fastest pace in 17 years amid real-estate losses in the worst housing crisis since the Great Depression.
Colonial's failure will deplete the FDIC's deposit insurance fund by $2.8 billion, the agency said.
The $2.8 billion estimated cost to the deposit insurance fund compares with an expected $5 billion hit from the failure of BankUnited Financial Corp., a smaller Florida-based thrift acquired in May by private-equity groups led by billionaire Wilbur Ross. BankUnited was focused almost exclusively on home loans, while Colonial has a mix of commercial and consumer loans, Thomas said.
Bloomberg link -
http://www.bloomberg.com/apps/news?pid=20601087&si d=av1XOaDfSAXU
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Only two banks gone today, but one was quite substantial, along the lines of WAMA last year.
FDIC link -
http://www.fdic.gov/bank/individual/failed/banklis t.html
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My apology, this should have gone in here first! |
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By: hdmausguy
15/08/2009
2:25 pm Yahoo! Profile:
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| jacko did you see the yahoo financial news post within the last hour re Colonial bank (USA)largest one to go under this year? 74th bank to fail this year. BB&T ? has taken them over aided by FDIC. The FDIC is protecting nearly $300 billion in deposits of failed banks. I've seen additional comment that AIG is bankrupt again but is disguising the truth. 1000 banks are on the brink and that there will be a $3.5 trillion commercial property meltdown within 3-6 months. Apart from that plus massive unemployment and homelessness ALL IS WELL WITH THE WORLD. |
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By: hdmausguy
15/08/2009
2:02 pm Yahoo! Profile:
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| Perhaps a mutual dependency syndrome |
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By: jacko654
15/08/2009
1:33 pm Yahoo! Profile:
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| No - he was on another thread before..he will respond here sooner or later because a/ he always does and b/ cant help himself. His life is incpmlete without interaction from the trolls dummies ventrilos sheeple and non believers. |
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By: hdmausguy
15/08/2009
1:01 pm Yahoo! Profile:
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| No jacko, the Titanic may be a new chapter. Bruke is AWOL so far today? What's he doing extra homework? |
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By: jacko654
15/08/2009
12:33 pm Yahoo! Profile:
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Interesting analogy, Guy...The Titanic. Has Bruce told you who was behind placing the iceberg exactly where it was to that sank the boat?
I will - it was George W Bush...and you won't read about that in the Herald Sun !! |
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By: hdmausguy
15/08/2009
11:21 am Yahoo! Profile:
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| USA post 24h gold Jim Willie PRESSURE TOWARD BREAKDOWN thread....... 1000 banks on the brink, AIG bankrupt again (deceiving the reality) $3.5 trillion commercial real estate sector facing massive defaults by years end. This will mirror the ongoing housing collapse. The US government is facing imminent economic collapse once the weight of new failures are added to their existing burden, including falling tax revenues and rising unemployment. Massive homelessness is on the increase. Many states are already bankrupt. The USD and stock values are set for massive value falls of up to 70%.into next year. The official response is to remain optimistic and smiling in the face of adversity. A bit like assuring the dinner guests on the TITANIC that all was well after hitting the iceberg. Getting the orchestra to make nice music again was supposed to calm peoples fears. The domino effect has yet to hit mainstream Americans. By the time it does,just like wet shoes on the TITANIC,it will be too late. |
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By: jacko654
15/08/2009
11:05 am Yahoo! Profile:
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Better a bird in the hand, (BANK DEPOSIT) than two in the bush,
Naaaah - one hand in a birds bush will do me fine. |
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By: reynard2008@y7mail.com
15/08/2009
9:28 am Yahoo! Profile:
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Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bankâs equity and threaten its survival.
The number of banks exceeding the threshold more than doubled in the year through June, according to data compiled by Bloomberg, as real estate and credit-card defaults surged. Almost 300 reported 3 percent or more of their loans were nonperforming, a term for commercial and consumer debt that has stopped collecting interest or will no longer be paid in full.
The biggest banks with nonperforming loans of at least 5 percent include Wisconsinâs Marshall & Ilsley Corp. and Georgiaâs Synovus Financial Corp., according to Bloomberg data. Among those exceeding 10 percent, the biggest in the 50 U.S. states was Michiganâs Flagstar Bancorp. All said in second- quarter filings theyâre âwell-capitalizedâ by regulatory standards, which means theyâre considered financially sound. |
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By: no.vice
14/08/2009
11:27 pm |
Message deleted. |
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By: brukevlay
14/08/2009
10:27 pm Yahoo! Profile:
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Apparently not. The idiot Crazyfool goes from here, so do his stupid dummies. One and all. Foolhardy, drippymippyme, drongopongo, you name it and the trash is gone along with him.
You named yourself spot on, imbeciale. You are more crazy than a cut snake. Bloody moron! |
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By: brukevlay
14/08/2009
3:37 pm |
Message deleted. |
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By: brukevlay
14/08/2009
3:36 pm |
Message deleted. |
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By: brukevlay
14/08/2009
3:32 pm |
Message deleted. |
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By: perceptions_now
14/08/2009
3:04 pm Yahoo! Profile:
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Sorry, link for previous post.
http://www.bloomberg.com/apps/news?pid=20601087&si d=aTTT9jivRIWE |
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By: perceptions_now
14/08/2009
3:00 pm Yahoo! Profile:
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Toxic Loans Topping 5% May Push 150 Banks to Point of No Return
Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank's equity and threaten its survival.
Almost 300 reported 3 percent or more of their loans were nonperforming, a term for commercial and consumer debt that has stopped collecting interest or will no longer be paid in full.
The list excluded U.S. territories and lenders that have already failed. Also left out were the 19 lenders that underwent the Treasury's stress tests in May; they were deemed "too big to fail" and told by regulators that government capital was available to keep them in business.
Excluding the stress-test list, banks with nonperformers above 5 percent had combined deposits of $193 billion, according to Bloomberg data. That's almost 15 times the size of the FDIC's deposit insurance fund at the end of the first quarter.
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Two things come to mind -
1) If proper MARKET VALUATIONS were brought to bear, then very few US Banks (including those too big to fail) would still be solvent!
2) "If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State." |
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By: sushiboy_00000
14/08/2009
2:38 pm |
Message deleted. |
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By: reynard2008@y7mail.com
14/08/2009
2:33 pm Yahoo! Profile:
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| and why do you care? |
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By: sushiboy_00000
14/08/2009
2:27 pm Yahoo! Profile:
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| Bruce cares because he is lonely and jealous. |
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By: sushiboy_00000
14/08/2009
2:26 pm |
Message deleted. |
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By: reynard2008@y7mail.com
14/08/2009
2:25 pm Yahoo! Profile:
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| why do you care? |
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By: brukevlay
14/08/2009
2:13 pm Yahoo! Profile:
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| That bloke is absolutely f#cked in the nut! |
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By: perceptions_now
14/08/2009
1:56 pm Yahoo! Profile:
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"Where is he anyway?"
bruke,
Simple answer and I'm sure you will agree!
He/They has/have made THAT MUCH MONEY, that He/They has/have now retired, having no further challenges in the financial world to occupy His/Their interest?
OR
Perhaps Jim just has a basic problem, as Keynes said, "When the facts change, I change my mind. What do you do, sir?"
With Jim, he already has that many minds (ID's), that he has no idea which fact fits with which mind
If he had to change facts in all of his minds, he really would be "Crazy"! |
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