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"The number of banks at risk of failing rose by 53 to 829, the Federal Deposit Insurance Corp. said in its quarterly survey of the nation's banking system. That increase marks the smallest rise since the first quarter of 2009. However, it's still nearly double the 416 banks that were on the FDIC's watch list a year ago and is up from 775 in the first quarter of this year."
I went looking for the list of the 829 banks at risk of failing and found the FDIC doesn't make it public. Should they? I'm thinking "no" because it could cause a run on the banks. Can anyone who thinks the opposite, that the list should be made public, give a reason?
From the FDIC government website:
"Problem Banks - The FDIC creates reports on problem or troubled banks in the aggregate. We do not make the details of this list publicly available."
I could care less whose name is on the wall so long as they can process my checking/debit card account.
That's the type of attitude way too many people have today.
As long as it doesn't personally effect you, you don't care.
But once it does directly effect you then it's "someone needs to fix this".
That's the type of attitude way too many people have today.
As long as it doesn't personally effect you, you don't care.
But once it does directly effect you then it's "someone needs to fix this".
It is the ignorant bliss of liberals who do not realize that free flow of capital is the grease that prevents the economy from freezing up.
The buisness loan default is "the other shoe" in the financial fiasco that will drop, particularly when buisness taxes are increased in Jan 1 for Obamacare.
This is the "perfect economic storm", in which we had an insane home mortgage policy dictated by liberals in government, only to meet an incompetent president and congress to make the situation much, much worse.
It is the ignorant bliss of liberals who do not realize that free flow of capital is the grease that prevents the economy from freezing up.
The buisness loan default is "the other shoe" in the financial fiasco that will drop, particularly when buisness taxes are increased in Jan 1 for Obamacare.
This is the "perfect economic storm", in which we had an insane home mortgage policy dictated by liberals in government, only to meet an incompetent president and congress to make the situation much, much worse.
The 800 lb gorillas of state bailouts and public employee pensions still loom in the corner of the room. The pesky little fact that the Fed is purchasing our debt since no one else will.....
But hey, as long as that debit card will make a machine spit out paper that is not backed by anything but more debt, who cares?
How's that Rosetta Stone Chinese language course coming along?
I could care less whose name is on the wall so long as they can process my checking/debit card account.
:-) I agree
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