Just when You thought it was Safe Again!

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	Just when You thought it was Safe Again!

Doctrader

8-28-2009 1:22 PM

42 views

tags:

fdic, banks, failures, rising

Doctrader says:

"We don't want a down day in the market." The News media wants all news to be "good news", cause that's what's on their teleprompter.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0017d26a-41eb-40c8-9f1e-576d1158be58/212787AD-2C02-4EE5-8DB9-7713D8A312A7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001" href="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001" style="font-size: 11px;">www.npr.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001"><H1>FDIC Fund Shrinks Amid Rising Bank Failures</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001"><SPAN class="date">August 27, 2009</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001"><P>The government fund that protects most bank deposits fell 20 percent to just $10.4 billion in the second quarter, Federal Deposit Insurance Corp. Chairman Sheila Bair said at a news conference.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001"><P>Bair said U.S. banks lost $3.7 billion during the second quarter mostly because of costs associated with rising levels of bad loans and falling asset values. By contrast, banks saw profits of $7.6 billion during the first quarter, and they had a net profit of $4.8 billion in last year's second quarter.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001"><P>The list of problem banks rose from 305 to 416 from the first quarter to the end of June — the most in 15 years. The troubled banks had nearly $300 billion in assets. FDIC-insured banks and thrifts had aggregate net losses of $3.7 billion.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.npr.org/templates/story/story.php?storyId=112285758&ft=1&f=1001"><P>The FDIC said nearly 66 percent of banks and savings and loans reported earnings below those in the second quarter of 2008, and more than a quarter of institutions posted a net loss.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/212787AD-2C02-4EE5-8DB9-7713D8A312A7/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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