Bankruptcy Filings Surge 29%
Total filings rose to 967,831 from 751,056 a year earlier.
http://tinyurl.com/6qhjhp
U.S. Says Banks on `Problem List' Rose 30% in Quarter
The U.S. Federal Deposit Insurance Corp. said its "problem list'' of banks increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue.
http://tinyurl.com/65dymv
FDIC Is Broke?
Report: FDIC May Borrow Money From Treasury:
The Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
http://moneynews.newsmax.com/headlines/fdic/2008/08/27/125366.html
Analyst: FDIC Will Need Half A Trillon Dollars
Chris Whalen, managing director of Institutional Risk Analytics, in an interview on CNBC, said: They need about a half a trillion dollars in borrowing authority, and they need a vehicle to own these banks while we triage them and sell them.
http://www.economicpolicyjournal.com/2008/08/analyst-fdic-will-need-half-trillon.html
From Information Clearing House
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=real+estate
http://freepage.twoday.net/search?q=FDIC
http://tinyurl.com/6qhjhp
U.S. Says Banks on `Problem List' Rose 30% in Quarter
The U.S. Federal Deposit Insurance Corp. said its "problem list'' of banks increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue.
http://tinyurl.com/65dymv
FDIC Is Broke?
Report: FDIC May Borrow Money From Treasury:
The Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
http://moneynews.newsmax.com/headlines/fdic/2008/08/27/125366.html
Analyst: FDIC Will Need Half A Trillon Dollars
Chris Whalen, managing director of Institutional Risk Analytics, in an interview on CNBC, said: They need about a half a trillion dollars in borrowing authority, and they need a vehicle to own these banks while we triage them and sell them.
http://www.economicpolicyjournal.com/2008/08/analyst-fdic-will-need-half-trillon.html
From Information Clearing House
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=real+estate
http://freepage.twoday.net/search?q=FDIC
rudkla - 29. Aug, 11:13
