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Problem Bank List

Submitted by dducks on Fri, 09/04/2009 - 22:16
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There are 421 banks on this problem bank list.

http://cr4re.com/PBLSep0409.html

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dducks

Submitted by henri on Sat, 09/05/2009 - 15:56.

who put this list together? I would like to know more before I send this to others. Thanks

I got it from...

Submitted by dducks on Sat, 09/05/2009 - 16:30.

http://www.calculatedriskblog.com/

I recently discovered this site and really like it.

"Problem Bank List (Unofficial) Sep 4, 2009
by CalculatedRisk on 9/04/2009 01:45:00 PM
This is an unofficial list of Problem Banks.

The list is compiled from regulator press releases or from public news sources (see Enforcement Action Type link for source). The FDIC data is released monthly with a delay, and the Fed and OTC data is more timely. The OCC data is a little lagged. Credit: surferdude808.

Changes and comments from surferdude808:

During the week, 12 institutions with aggregate assets of $17.7 billion were added to the Unofficial Problem Bank List.

The list stands at 421 institutions with assets of $267.8 billion.

Largest among the additions is Capmark Bank, a Utah-based industrial loan company with assets of $11.1 billion. Should the parent, Capmark Financial Group, not find a buyer this could be another costly failure. Other notable additions include the $2.4 billion Bank of the Cascades, Bend, Oregon; the $1.9 billion Citizens First Savings Bank, Port Huron, Michigan; and two bankers’ banks – Midwest Independent Bank in Missouri and Nebraska Bankers’ Bank.

All three deletions from the list were because of failure including Affinity Bank, Mainstreet Bank, and Bradford Bank. Lastly, the OTS issued a Prompt Corrective Action order against Vantus Bank, Sioux City, Iowa, which was already operating under a Cease & Desist order.
See description below table for Class and Cert (and a link to FDIC ID system)."

continue at...
http://www.calculatedriskblog.com/

Thanks dducks

Submitted by reedr3v on Sat, 09/05/2009 - 15:42.

.

bump

Submitted by highwithaltitude on Sat, 09/05/2009 - 15:14.

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

—

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

I keep reading about big banks in trouble

Submitted by pearl on Sat, 09/05/2009 - 14:52.

I have seen Citibank, Bank of America, and even Chase, but they aren't on the list. Maybe the ones releasing the list have their own motives.

If they released

Submitted by dducks on Sat, 09/05/2009 - 15:02.

that information all hell would break loose. And, of course, they are just too big to fail.

Thanks! Some good info there

Submitted by D4L on Sat, 09/05/2009 - 14:33.

What are you fightin' for?
Caught in the middle?
Freedom is only for those with the guts to defend it!

—

What are you fightin' for?
Caught in the middle?
Freedom is only for those with the guts to defend it!

thanks! Can you tell me who is buying these banks?

Submitted by Treg on Fri, 09/04/2009 - 22:31.

That is what I need to know, who is buying and thus getting the bad real estate REO assets of these troubled banks.

in peace & liberty,
Treg

Good Question!

Submitted by dducks on Sat, 09/05/2009 - 14:50.

I recently discovered that Wells Fargo (my mortgage holder) appraised my home at roughly 3 times what I think I could now get out of it. It creeps me out that the same shenanigans that got us into our current situation are allowed to continue.

If the banks marked all of their assets to market value this list would be much longer.

I think if the banks

Submitted by Coreadrin on Mon, 09/07/2009 - 21:57.

Actually marked all their assets to real value only about 10% of the entire industry would be left standing! And yes, all the big boys would be vaporized.

Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.

It's late August and I'm 80% cash and 20% long term Puts AGAINST the market. Gold is also going down. Want to know why?

http://www.investophoria.com

—

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Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.