Tuesday, November 24, 2009

The FDIC Is Not "Well Capitalized".......

No wonder Bair has to produce "reasuring" Videos like this ( Clip from October ).....

Kein Wunder das Bair sich genötigt sieht solch "beruhigende" Botschaften unters Volk zu bringen ( Clip vom Oktober )....



FDIC’s insurance in the red, ‘problem banks’ hit 16-year high FT Alphaville


There are some shocking numbers in Federal Deposit Insurance Corp’s (FDIC) quarterly banking report for the three months to September 30, which the agency released on Tuesday.

Numbers like: -$8.2bn and 552. The first figure represents the balance on the FDIC’s insurance fund. That’s right - for the first time since 1992, the FDIC’s insurance fund has fallen — quite dramatically — into the red.

According to the report, the precipitous decline in the insurance fund was due to an additional $21.7bn set aside in the third quarter for expected bank failures. At the end of the second quarter, the FDIC’s insurance fund a balance of$10.4bn.

As for 552 - that’s how many US banks may claim, as of September 30, the dubious distinction of being included on the FDIC’s lists of “troubled” financial institutions. Total assets of “problem” institutions increased from $299.8 billion to $345.9 billion, the agency said.
Zero Hedge
More alarmingly, the massive spike in deposits ($491 billion in a single quarter) and total assets at problem institutions popped up $200 illionish in nine short months- exactly while the reserve ratio drops like a Cardiff girl's petticoat after 2am

Got GOLD.... ?

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4 Comments:

Anonymous Hal (GT) said...

Man this is really getting a bit staggering. Zero Hedge had it right.

This news is one of the reasons I think that gold is doing so well. Right now the app, ExactPrice, shows the yellow metal at $1,168.20. Add to this the news of Russia buying gold and all the other central banks adding it and you know that the bankers are preparing their back door for what is coming.

4:56 PM  
Blogger jmf said...


Quelle Surprise! Most Big Banks Lack Capital

3:06 AM  
Anonymous Stephen said...

Scary to think that this will happen

11:56 AM  
Blogger jmf said...

Moin Stephen,

the FDIC already would have drawn the $500 billion treasury line if the accounting rules wouldn´t have been "relaxed" numerous times during the past 18 month....

EXTEND ( PRAY ) & PRETEND.......

GOT GOLD ? :-)

2:53 AM  

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