FDIC getting nervous??

[RSLudlum]

UPDATE 1-Bigger U.S. bank failures may be coming - FDIC

source


WASHINGTON, June 5 (Reuters) - Future U.S. bank failures linked to the downturn in the real estate market may include "institutions of greater size" than in the recent past, Federal Deposit Insurance Corp Chairman Sheila Bair said on Thursday.

An increasing number of banks face high exposure to deteriorating conditions in commercial real estate and construction lending, Bair told a Senate Banking Committee hearing on the state of the banking industry.

"There is also the possibility that future failures could include institutions of greater size than we have seen in the recent past," Bair said. "Uncertainties in today's economic environment continue to pose significant challenges for the banking industry, households, and bank regulators."...

read more here

 

[driller80545]

The democrats will bail them out with our money.

 

[jonahtrainer]

UPDATE 1-Bigger U.S. bank failures may be coming - FDIC

The FDIC actually published a letter about this in Jan.

 

[jkm1864]

No when the Big banks go there will be no more money.... You have to realize that right now... When the banks go WHO is going to cash You're check NO ONE. This is serious and for all of You people hoarding gold and silver its not going to work. If the BIG BANKS go under the whole infrastructure of this country is gone in 2 weeks. No one will be delivering food .... No one will be making food ... I know I'm not going to work for free just to what Keep the oil flowing. I will go to the woods when this happens because the mindless zombies will riot and loot.

 

[bill50]

I was actually thinking the same thing as jkm kind of. The idea of using gold or silver as as currency is so foreign to most people now, the masses probably won't accept it in exchange for goods. I wouldn't be surprised if most people don't know what money is.

 

[Truth Warrior]

What's to be nervous about? The Fed will happily just write them a check too.

 

[HOLLYWOOD]

Some of the banks on the list were part of the consortium of Banking profits of $100's of BILLIONS in the previous 10 YEARS!

here's the link to the FAILED BANKS... I recommend moving your money, remain cognizant of your deposits and the bank status:

http://www.fdic.gov/bank/individual/failed/banklist.html