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Bank failures top 100, only part of industry woes

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posted on Oct, 23 2009 @ 07:35 PM
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Bank failures top 100, only part of industry woes


news.yahoo.com

WASHINGTON – The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests.
(visit the link for the full news article)


Related News Links:
www.fdic.gov




posted on Oct, 23 2009 @ 07:35 PM
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The bank failures, 105 in all, are the most in any year since 181 collapsed in 1992, at the end of the savings-and-loan crisis. The list of banks in trouble is getting longer. At the end of June, the FDIC had flagged 416 as being at risk of failure, up from 305 at the end of March and 252 at the beginning of the year.
you knew this was coming didnt you

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



posted on Oct, 23 2009 @ 07:39 PM
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All banks will fall, it's just a matter of time. Humans have being brainwashed by this system for too long. We don't need money to evolve. We need intelligence (not to be confused with intellect).



posted on Oct, 23 2009 @ 10:12 PM
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Same stoy from another source

Seven banks -- three in Florida and one each in Georgia, Wisconsin, Minnesota and Illinois -- were shut today, according to the Federal Deposit Insurance Corp., pushing this year’s total to 105. That’s the most since the savings-and-loan crisis led regulators to shutter 179 institutions in 1992.

“We certainly know there are hundreds and hundreds of zombie banks out there,” Cassidy said. “The only alternative for them is to be seized and it’s only a matter of manpower and money before they get to it.”

The FDIC has proposed banks pay three years of advance deposit insurance fees to raise $45 billion and replenish the insurance fund. It costs anywhere from 25 percent to 30 percent of a failed bank’s assets to shut it down, Cassidy said.

“There are losses that will have to float through the system not just for one quarter or two, but for years,” said Paul Miller, a financial industry analyst at FBR Capital Markets in Arlington, Virginia. “I think you’ll see closures speed up after they replenish the fund.”

Bloomberg



posted on Oct, 23 2009 @ 10:21 PM
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This is just consolidation - the NWO controlled banks who have been bailed out by the taxpayer are nopw getting a larger market share.

While others die they grow - this is purely the usual NWO strategy for concentrating their power, its been used over and over for more than a century.

Fiat money needs to be destroyed - the Fed needs to be destroyed - and people need a revolution to do it.

Get your gun - get your friends - go to the Capitol - millions of armed Americans CAN force a total change in the system.



posted on Oct, 23 2009 @ 11:23 PM
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Originally posted by Amagnon
This is just consolidation - the NWO controlled banks who have been bailed out by the taxpayer are nopw getting a larger market share.

While others die they grow - this is purely the usual NWO strategy for concentrating their power, its been used over and over for more than a century.

Fiat money needs to be destroyed - the Fed needs to be destroyed - and people need a revolution to do it.

Get your gun - get your friends - go to the Capitol - millions of armed Americans CAN force a total change in the system.


millions of Americans will be whining and moaning on their computers, talking about how someone should go change that.


Sad but true. Also, this isn't really the site to post a "call to arms" on.



posted on Oct, 23 2009 @ 11:34 PM
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Here is a complete list of bank failures as of October 16th of 09. The list goes back to 2001. From the FDIC.

Bank Failure list to 2001

You know the Insurance company for banks. The insurance you and I pay for, that the government spends then just prints more money to cover the losses.

I can see the dollar at a ripe value of 30% of what it was last year at this time. Sucks to be us and not GS employees.



posted on Oct, 23 2009 @ 11:40 PM
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reply to post by DaddyBare
 


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