Comments on: Failed Banks Absorbed by FDIC

By: pravin404

pravin404 — Tue, 25 Aug 2009 14:45:49 +0000

So many fanks failing each Friday and we are expecting many more in next few years.
PortalSeven is tracking all the bank failures since 2008.
It details the bank failure data like assets, deposits, cost to Deposit Insurance Fund(DIF), who is acquiring the failed bank, how much premium is paid to assume the deposits of failed bank, loss-sharing aggrement between the FDIC and acquiring bank.

Check at :
http://portalseven.com/Failed-Banks-2009
AND
http://portalseven.com/finance/Failed_Banks_Acquirer.jsp

By: tenaciousd

tenaciousd — Mon, 24 Aug 2009 19:20:08 +0000

$36.7 billion in total deposit insurance payouts since 2008? She-yoot! That ain’t nothin’. You couldn’t get Citi’s executive corps out of bed for less than half a trillion dollars in government money. You know what they say: “In for a pound, in for a penny.”

By: willid3

willid3 — Mon, 24 Aug 2009 19:05:22 +0000

i wonder if any one has tracked how much of the total deposits the failed banks have had. i remember hearing that the the 19 largest banks have close to 70 or was 85% of all deposits in the US and the terror was that if they failed it would much worse than the GD when 4000+ banks failed. what i don’t understand is how we let them get that way and why they aren’t regulated like utilities (ok not ones in Texas. but else where?) since if one of these banksters fails, they take a lot of them with them

By: leftback

leftback — Mon, 24 Aug 2009 18:30:19 +0000

GE probably also TBTF.

By: call me ahab

call me ahab — Mon, 24 Aug 2009 18:07:27 +0000

alfred e-

the following is the list of banks/fianancial institutions that underwent the stree test- presumably these are the one’s that are TBTF

J.P. Morgan Chase & Co.

Citigroup

Bank of America Corp.

Wells Fargo & Co.

Goldman Sachs Group

Morgan Stanley

MetLife

PNC Financial Services Group

US Bancorp

Bank of NY Mellon Corp.

SunTrust Banks Inc.

State Street Corp.

Capital One Financial Corp.

BB&T Corp.

Regions Financial Corp.

American Express Co.

Fifth Third Bancorp

Keycorp

GMAC LLC

By: call me ahab

call me ahab — Mon, 24 Aug 2009 18:01:23 +0000

ot-

Bernie Madoff dying of cancer-

http://finance.yahoo.com/news/Madoff-dying-of-cancer-fellow-rb-1936732826.html?x=0&sec=topStories&pos=2&asset=&ccode=

this dude may be more sinister than we knew- i wonder if he was diagnosed w/ pancreatic cancer before he turned himself in-

so in his mind- give him a million years in jail he knows he won’t last but a few years- afther he spent his healthy years living large swindling the general public who bought into his “consistent returns” charade-

devious

By: The Curmudgeon

The Curmudgeon — Mon, 24 Aug 2009 17:57:56 +0000

@alfred e.

But you left off GMAC. They’ve only pumped about $20 billion into it, I suppose so it can finance all the new Toyotas and Hondas people bought with their clunker cash.

By: Cohen

Cohen — Mon, 24 Aug 2009 17:57:03 +0000

I would maybe add MS to the list

By: Cohen

Cohen — Mon, 24 Aug 2009 17:55:33 +0000

Speaking of banks, that’s a pretty big reversal in the BKX… stay tuned

By: alfred e

alfred e — Mon, 24 Aug 2009 17:54:21 +0000

Actually, the TBTF do not number 19.

That was a smoke screen.

The real TBTF, in order of importance are: GS, JPM, C, BAC, WFC. Any others?

I only count five, which makes the situation even more like Simon Johnson’s BananAmerica.