Friday, Oct 21st

Last update05:20:13 AM GMT

You are here News Of Special Interest FDIC adds 54 more banks to its 'problem list'

FDIC adds 54 more banks to its 'problem list'

E-mail Print PDF

In the second quarter, 117 FDIC-insured institutions were on the list. Now, at 171, the number of institutions on the FDIC's "problem list" is at its highest level since late 1995.

"We've had profound problems in our financial markets that are taking a rising toll on the real economy," said FDIC Chairman Sheila Bair in a statement, adding that Tuesday's report "reflects these challenges."

Total assets held by troubled institutions climbed from $78.3 billion to $115.6 billion — a figure that suggests that the nation's top 20 banks aren't on the list, even though they are getting slammed, too, by the growing credit crisis. The FDIC does not reveal the institutions it deems troubled.

TVNL Comment: So we are to believe that every bank in the country made the same mistakes? We are falling for the second biggest scam in US history, the first being the incarnation of the Federal Reserve.


Most Recent Related Stories...

Why is the Ivanka Trump clothing line boycott growing? You are what you wear

Ivanka brand boycott growingLike many women who have watched sexual harassment allegations against Trump unfold, [Shannon] Coulter was reminded...

Samsung scraps Galaxy Note 7 over fire concerns

Glaxy 7 Samsung Electronics Co Ltd (005930.KS) scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than...

Japanese are working themselves to death--literally

Japanese working themselves to deathMatsuri Takahashi was just 24 years old and the graduate of prestigious Tokyo University when she...

The Latest: Harvard economist 'thrilled' by Nobel

Oliver HartHarvard economist Oliver Hart says he's "thrilled" his work has received one of the highest honors...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!