UNOFFICIAL Troubled Bank List as of 09/30/2008

UNOFFICIAL Troubled Bank List as of 09/30/2008

bankimplode.com

This list represents a small subsection of US banks. The majority of banks are currently well capitalized.
Being on this list does not necessarily mean a bank will fail, as they can try to raise capital or to sell themselves to new investors or another bank
This list is a work in progress.

Please note that this is NOT the OFFICIAL FDIC troubled bank list!

(visit the link for the full news article)

Please note that this is NOT the OFFICIAL FDIC troubled bank list!

Mostly because they are not allowing the public to view the
official list, this one is deduced using approximately
the same formulas.

97 banks as of Oct 1 2008 are in "The Red Zone".

Make sure to scroll all the way down the huge list to
notice that one of the banks in the light yellow zone
failed, so it is possible to fail even if you look better
than the banks in the red zone.

Good Luck to you all !

I did not build this list, but a worker in the finance community
did, and as he said ...

Please note that this is NOT the OFFICIAL FDIC troubled bank list!

bankimplode.com
(visit the link for the full news article)

Something is troubled with bank of america here in my town near puget sound washington state. , the whole branch did not have bills over 20's. No 50's no 100's.
The teller said people were pulling all their cash out of their accounts and drained them of big bills.
Ever had 5 grand counted to you in 20's? It takes a long while.

reply to post by wiredamerican


Interesting... I'm also in the same region. Not meaning to pry, but is this BoA one of a few banks in an overly small community, or are you talking about one of several BoA branches in a larger area (like Bellevue or Seattle)? I'd tend to worry alot more about this report you're giving if it's involving one of the branches in the metro area versus one of the smaller communities who have been suffering from a combination of crap economy and floods.

Originally posted by wiredamerican
Something is troubled with bank of america here in my town near puget sound washington state. , the whole branch did not have bills over 20's. No 50's no 100's.
The teller said people were pulling all their cash out of their accounts and drained them of big bills.
Ever had 5 grand counted to you in 20's? It takes a long while.

Yeah ppl are getting a bit untrusting after the continued lying and
doling out billions to cronies via DC.

It is going to get worse before it gets better and even TPTB say that on TV.

Maybe this should teach those bankers not to lend out more money then they have on hand and demand more money in repayment then is available throughout the whole economy.

This current banking and monetary system is too antiquated for today's world.

Hopefully, if any good can come out of this economic crisis, it will be that credit and monetary reforms will be forced to take place.

Does that list include internet banks? I'm looking for hsbc. I'm tempted to pull all my money out of there. The interest rate is so low and with who knows what going to happen, I might just dig a hole in the ground like my gramps did with his money. He never trusted banks after his dad lost all his money in the 1929 stock crash.

Originally posted by Schleprock
Does that list include internet banks? I'm looking for hsbc. I'm tempted to pull all my money out of there. The interest rate is so low and with who knows what going to happen, I might just dig a hole in the ground like my gramps did with his money. He never trusted banks after his dad lost all his money in the 1929 stock crash.

Well potentially this time the twist will be the dollar will collapse.

So saving paper and cotton fibers with ink on it will not feed you.

If you have a LOT of money, consider at least taking a modest
amount and buying a cheap piecemeal survival kit and long shelf
life food.

You do not have to spend a lot, and knowledge is your true saving
grace, you can get a lot of info off the torrents for survival and
other places.

Silver might hold some value, but I think when it gets really bad,
what will matter is Food, Water, Shelter, Medicine, Self Defense.

Also if and when riots break out like they did in LA, they set fires
and a sizeable portion of the city burned.

It will likely not be safe to stay in the cities for that reason,
prepare for possible bugout.

Good Luck to you all !



[edit on 12-2-2009 by Ex_MislTech]

reply to post by Schleprock

I'd say your concerns over HSBC might have a fair bit of merit to them.

HSBC to can 1,000 UK workers

The article does say they are in much better shape than other banks
and have not gone begging to the government yet, so it sounds
like they will be afloat longer than most.

Is your money safe ?

Have you protected yourself ?

Weiss Ratings: 20 Giant Banks Still Vulnerable
05-24-10

Later this morning, Weiss Ratings is issuing a landmark press release, warning that 20 giant U.S. banks are still vulnerable to serious financial difficulties — and even failure....

There are currently 20 very large institutions (with $25 billion or more in assets) in our vulnerable or “weakest” category, including Bank of America, Citibank, Wachovia, HSBC Bank USA, SunTrust, Regions Bank, RBS Citizens, plus the 13 others listed in the table below.

..unfortunately, there are many more which are also vulnerable — a total of 2,259* U.S. banks and thrifts in the U.S. that currently receive a Weiss Rating of D+ or lower.

..fortunately, there are still many strong banks in America — 962 institutions receiving a Weiss Rating of B+ or higher.

..despite the strong banks, the banking system as a whole remains very weak. This is because the weakest banks hold $5.8 trillion, or 44.7 percent of the industry’s total assets. But the strongest banks hold only $483 billion, or a meager 3.7 percent of the industry’s assets. - Full Text

Originally posted by Ex_MislTech
Mostly because they are not allowing the public to view the
official list, this one is deduced using approximately
the same formulas.

Even less free market. Why can we speculate against sovereigns and see their debts. But not against banks?

Investors have a right to know.