Hey, its the end of the weekend — and you know what THAT means: Let’s catch up with our old friends at the FDIC, and see who they’ve been wagging a finger at:
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Charts courtesy of The Chart Store
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Money is power, & you ought to be reasonably ambitious to have it." —Russell H. Conwell, Temple Univ, 1877
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
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June 6th, 2010 at 7:53 pm
TierOne suffered from high concentrations of construction, land and commercial real estate loans in markets hit by the real estate bust, including California, Florida and Nevada, according to the thrift regulators.
The bank, established in 1907, had 59 branches in Nebraska, nine in Iowa and one in Kansas.
full AP article:
http://www.google.com/hostednews/ap/article/ALeqM5gg9RS-ZvzlfzrcnujKaEDMXrYyYgD9G4PAG05
June 6th, 2010 at 8:24 pm
So much for naming the bank TierOne!
Def: Tier 1 capital is seen as a metric of a bank’s ability to sustain future losses
June 6th, 2010 at 8:27 pm
Looks like a fairly constant slope to me. Implying far more failures than last year.
Cognos?
June 6th, 2010 at 9:55 pm
I think this chart would give us a more accurate reading of the situation, if it were expressed in total assets involved, rather than simply the number of banks that have failed.
The way this chart is currently structured: WaMu and IndyMac represent relatively unimportant data points, compared to the 2010 activity.
June 6th, 2010 at 11:16 pm
That’s a good point, xynz.
June 6th, 2010 at 11:31 pm
On a far more important note, my Celtics pulled through Game 2 with a classic, gutty win. Back to Boston for the next three!
I can smell the nervousness in the air in La-La land.