Track and see more details on bank failures since early 2008.
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Click for interactive graphic
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Source:
When Bad Banks Sink Good Ones
ROBIN SIDEL
WSJ, NOVEMBER 3, 2009
http://online.wsj.com/article/SB125720151735123867.html
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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November 4th, 2009 at 12:12 pm
When I looked at this, I thought ‘it’s really remarkable how little bank failure there is in New York State.’ Then I remembered: their big ones got bailed out.
Imagine what size circle Citigroup would be on this map…
November 4th, 2009 at 12:43 pm
http://www.cnbc.com/id/33618030
Whitney’s Vision For The New Normal
“2) The Great Exit: The Biggest Market & Bank Risk Over the Next Four Months, a long note on the importance of the Fed’s agency MBS purchase program, where she argues that uncertainty over when the program will end (now scheduled for end of Q1 2010), and who the substitute buyer for the Fed will be, means that “prices will go down meaningfully and rates will go up meaningfully.” She argues that it is possible the mortgage market will again shrink notably: “We believe this represents one of the larger risks to the banks and overall market over the next several months.”
…Yes, believe it or not, at some time the Fed will have to quit playing in the backyard with little John and Jane Doe bankster, and they will go home. I know, I know, it seems like if they leave little John and Jane will have a tantrum, but it will happen…
November 4th, 2009 at 1:43 pm
micheal m.,
Good point, if this graphic represented *Reality, you wouldn’t be able to see the Map–under the solid haze of Gray..
–agitprop
Noun 1. agitprop – political propaganda (especially communist propaganda) communicated via art and literature and cinema
propaganda – information that is spread for the purpose of promoting some cause
Based on WordNet 3.0, Farlex clipart collection. © 2003-2008 Princeton University, Farlex Inc.
http://www.thefreedictionary.com/agitprop
http://www.thefreedictionary.com/grey
November 4th, 2009 at 1:48 pm
http://www.zerohedge.com/article/treasury-minutes-suggest-fed-remove-1-trillion-excess-reserves-march-2010
“The big picture point, however, is that at least according to the presenting member (that we presume to be Fed-connected), the Fed currently envisions draining the >$1 trillion in excess reserves currently on its balance sheet by next March. This is close to criminally insane, as the Fed has been deflationary with respect to M2 money supply since April 2009 and draining reserves would only further deflate the general economy. If credit is hard to come by now, it will be immensely more so should these actions come to pass.”
…Again, I tell you, one day the Fed will go home….
November 4th, 2009 at 2:51 pm
nothing on the North East. I wonder why ? Different sort/breed of ppl live there? or no banks have HQs there?
just curios.
November 4th, 2009 at 3:58 pm
Check another version of the graph at :
http://portalseven.com/finance/Failed_Banks_Map_Since_2008.jsp
November 4th, 2009 at 5:52 pm
Bruce in Tn Says:
November 4th, 2009 at 1:48 pm
BTn – This is an experiment that will not end well. Once they come to their senses, the helicopter will relaunch.