Click on the title above or the link below to review an Associated Press article about our banks "problem" list.
Troubled banks in 3Q 2009 = 552
Troubled banks in 4Q 2009 = 702
If our number of troubled banks is increasing by almost 30% in just 1 calendar quarter, what does that tell us about the rest of our economy?
In 2009 there were 140 bank failures, the cost to the FDIC was so great that the FDIC is now making remaining banks pay over 3 years of insurance premiums in advance. When you can't afford 140 bank failures, what will you do if even half of the 700+ currently troubled banks fail???
http://finance.yahoo.com/news/Banks-report-small-profit-but-apf-3740844773.html?x=0&sec=topStories&pos=7&asset=&ccode=
