It's widely acknowledged that hundreds if not thousands of banks are on the ropes and just waiting for regulators to wrap them in yellow tape some Friday evening. However, fewer than forty US banks have been seized this year. The Federal Deposit Insurance Corporation (FDIC) list of problem banks grew to 305 in the first quarter, the highest number since 1994, but of course the names of those banks are not released so that depositors can be forewarned.
Thursday, June 11, 2009
What Banks Are Doing Well?
It's hard to say these days, as Doug French explains.
Posted by Free Market at 12:22 PM