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FDIC Chair: More Problem Banks

FDIC Chairwoman Sheila Bair said today that the number of "problem" banks and thrifts in the third quarter rose from 117 at the end of the second quarter of this year to 171 at the end of the third quarter, the highest level since 1995.

"Community banks -- those with total assets of under $1 billion -- are beginning to exhibit stresses similar to those facing the industry as a whole," the FDIC said. "However, capital levels and reliance on retail deposits remain higher at these banks than the industry average."

More people are putting their money in banks, the FDIC reported -- no surprise, that. Estimated insured deposits were up by 1.8 percent in the third quarter and 7.1 percent over the past four quarters, the agency said.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 25, 2008; 11:43 AM ET
Categories:  The Ticker  | Tags: FDIC, banks  
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Comments

hey bush..hey obama..this is what i want..
1. come up with a program that allows any of those poor dumb buzzards who have a subprime mortgage on their primary residence and have no history of being 30 days late on their mortgage payments for the last 2 years to get a new loan at today's rates, even the ones with liar's loans..you all are bailing out the big companies who gave them the loans..don't make them qualify over again..just give their mortgage companies whatever amount is necessary to buy the loan down to whatever is the current rate..give these folks a chance..
2. no bailout for the big 3 without a plan showing them to compete with japan in quality for cars; not for pickup trucks or suvs..they have spent the last 20 years doing nothing to improve, and if they can't, then time to go the way of all dinosaurs..
3. limit all compensation of any ceo or other mfwic at any company receiving bailout money to that of an ses level 1 government employee..limit their perks and benefits to the same levels..
4. split up these large financial institutions..bring back home town banks..no more of this "they are too big to be allowed to fail" crapola..
5. tax all calls to foreign call service centers at a rate of $10.00 an hour..i don't care if people in india or the philipines have jobs..i do not care one iota..let the businesses which are doing this employ people in apalachia or the deep south or the rust belt or whatever, but let the jobs be in the us..AND STOP WITH THE HORSH YOU ARE GIVING US IN YOUR SPEECHES ABOUT RETRAINING OUR WORKERS FOR TODAY'S ENVIRONMENT, BECAUSE TODAY'S ENVIRONMENT ALLOWS ALMOST ANY JOB YOU CAN NAME TO BE OFF-SHORED!!!
6. stop credit card companies from charging outrageous interest rates..if they need to make up for losses, then stop them from issuing risky cards..
7. windfall tax big oil, windfall tax the hedge funds, and tax any profits from oil commodities trading at 95%...
8..have a nice day, and stop screwing us..

Posted by: w04equals666 | November 25, 2008 1:44 PM | Report abuse

hey bush..hey obama..this is what i want..
1. come up with a program that allows any of those poor dumb buzzards who have a subprime mortgage on their primary residence and have no history of being 30 days late on their mortgage payments for the last 2 years to get a new loan at today's rates, even the ones with liar's loans..you all are bailing out the big companies who gave them the loans..don't make them qualify over again..just give their mortgage companies whatever amount is necessary to buy the loan down to whatever is the current rate..give these folks a chance..
2. no bailout for the big 3 without a plan showing them to compete with japan in quality for cars; not for pickup trucks or suvs..they have spent the last 20 years doing nothing to improve, and if they can't, then time to go the way of all dinosaurs..
3. limit all compensation of any ceo or other mfwic at any company receiving bailout money to that of an ses level 1 government employee..limit their perks and benefits to the same levels..
4. split up these large financial institutions..bring back home town banks..no more of this "they are too big to be allowed to fail" crapola..
5. tax all calls to foreign call service centers at a rate of $10.00 an hour..i don't care if people in india or the philipines have jobs..i do not care one iota..let the businesses which are doing this employ people in apalachia or the deep south or the rust belt or whatever, but let the jobs be in the us..AND STOP WITH THE HORSH YOU ARE GIVING US IN YOUR SPEECHES ABOUT RETRAINING OUR WORKERS FOR TODAY'S ENVIRONMENT, BECAUSE TODAY'S ENVIRONMENT ALLOWS ALMOST ANY JOB YOU CAN NAME TO BE OFF-SHORED!!!
6. stop credit card companies from charging outrageous interest rates..if they need to make up for losses, then stop them from issuing risky cards..
7. windfall tax big oil, windfall tax the hedge funds, and tax any profits from oil commodities trading at 95%...
8..have a nice day, and stop screwing us..

Posted by: w04equals666 | November 25, 2008 1:49 PM | Report abuse

I think wo4equals666 summed it up perfectly.
Especially on the credit cards. How long can politicians talk about lower taxes and then ignore the fact the average sucker is being taxed to death by credit card companies?

Posted by: dccamp68 | November 25, 2008 2:31 PM | Report abuse

The comments to this entry are closed.

 
 
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