Feds take over 2 more banks

[keepmine]

[JRScott]

They'll be more banks fail.

Think about it when you only have between 1.5 and 3% of assets compared to deposits its gonna be problematic. I fear that as more banks fail, there will be more runs on the banks, which in turn cause more to fail, much like 1929.

[Help!]

DH and I were talking about this today... has the FDIC ever had to step in like this during a recession? It hasn't happened that I know of in my lifetime, but I never really paid attention to these things until recently.

[JRScott]

Savings and Loan crisis back what in the 80s or early 90s.

I think this is the first time major banks have failed (like IndyMac) since 1929.

[WhatMoney]

There have been 35 bank failures since the year 2000.

Here is the list - bookmark it and watch for yours:

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

Or from 1991: http://www.fdic.gov/bank/historical/bank/index.html

[WhatMoney]

Well look what Google coughed up:

With an estimated $32 billion in assets, IndyMac Bank of Pasadena, Calif., which federal regulators seized Friday, is poised to become the third-largest bank failure in American history. Here is a list of the top 10 failures, based on total assets, according to Federal Deposit Insurance Corp. data covering 1934 through 2007.

1. Continental Illinois National Bank and Trust, Chicago (1984)
Total assets: $40.0 billion

2. First Republic Bank, Dallas (1988)
Total assets: $32.5 billion

3. American S&LA, Stockton, Calif. (1988)
Total assets: $30.2 billion

4. Bank of New England, Boston (1991)
Total assets: $21.7 billion

5. MCorp, Dallas (1989)
Total assets: $18.5 billion

6. Gibraltar Savings, Simi Valley, Calif. (1989)
Total assets: $15.1 billion

7. First City Bancorporation, Houston (1988)
Total assets: $13.0 billion

8. Homefed Bank, San Diego (1992)
Total assets: $12.2 billion

9. Southeast Bank, Miami (1991)
Total assets: $11.0 billion

10. Goldome, Buffalo (1991)
Total assets: $9.9 billion

Source: Federal Deposit Insurance Corp.

Bank Failure Facts

According to the FDIC, from 1934 through 2007, there were only two years with no bank failures, 2005 and 2006.
The year during that period with the most bank failures was 1989, when 534 banks closed their doors.
During the savings-and-loan crisis (1986-95), 2,377 banks failed, representing 67 percent of the 3,559 bank failures from 1934 through May 2008. At the peak of the crisis (1988-1989), 1,004 banks failed, a rate of one failure every 1.38 days.
Bank Failures by Decade

2000-2007: 32
1990-1999: 925
1980-1989: 2,036
1970-1979: 79
1960-1969: 44
1950-1959: 28
1940-1949: 99
1934-1939: 312

Source: FDIC Historical Statistics on Banking, 1934-2008

http://www.usnews.com/articles/busin...-failures.html

[bmrigs]

Do not think for one moment that "FDIC" will insure any amount when this country completely collapses. All the banks will close their doors and Americans will be sh** out of luck. This FDIC is only there to give americans a sense of false security that their money is safe. All banks operate in insolvency due to Fractional Reserve Banking.

[banca rotta]

Do not think for one moment that "FDIC" will insure any amount when this country completely collapses. All the banks will close their doors and Americans will be sh** out of luck. This FDIC is only there to give americans a sense of false security that their money is safe. All banks operate in insolvency due to Fractional Reserve Banking.

True about the FDIC but it worked very well since it's inception. It gave people back the sense of security they lost back in the 1930's and shall continue to work.

Sounds like you are counting on a collapse. We have had "peaks and valleys" since the beginning of time and this will continue until the end of time in all civilizations. Nothing since the great depression was worse then that. Today the poor get sick from obesity and diabetes and get free health care treatment. During the depression the same people simply starved to death in an alley.

[bmrigs]

True about the FDIC but it worked very well since it's inception. It gave people back the sense of security they lost back in the 1930's and shall continue to work.

Sounds like you are counting on a collapse. We have had "peaks and valleys" since the beginning of time and this will continue until the end of time in all civilizations. Nothing since the great depression was worse then that. Today the poor get sick from obesity and diabetes and get free health care treatment. During the depression the same people simply starved to death in an alley.

The peaks and valleys you talk about are manipulated by those who control and issue fiat currency. By expanding and retracting the money supply you can consolidate wealth and property to those banksters at the exspense of the poor. Since the inception of the Fed in 1913, the dollar has lost over 95% of its purchasing power which means Americans have to work longer and harder to purchase the necessties of life. This is result of a currency backed by nothing of value and can be created out of thin air. Our debt is almost at the peak where we as a nation will no longer be able to even pay the interest on it and when that happens TSWHTF.

[magyar123]

Funny how banks "fail" during Republican dictatorships. In the 80s/early 90s Reagan/Bush#1, and now Bush #2.

[fltoo]

Oh yea. Let's elect a democrat for pres so that we are assured that no more banks fail. LOL

[magyar123]

Oh yea. Let's elect a democrat for pres so that we are assured that no more banks fail. LOL

Never said that banks won't fail under Democratic dictatorships. All I said that banks seem to fail whenever there is a Republican joker in the White House.

[banca rotta]

Never said that banks won't fail under Democratic dictatorships. All I said that banks seem to fail whenever there is a Republican joker in the White House.

This is a simple one. You hear it because the media wants you to believe that. I am sure under Clinton we had some failures that were not widely reported. Once Hussein Obama becomes our next President I will bet you all (no money of course) That the economic news will be better. By March of next year the reports will be all positive.

[Bandit]

The peaks and valleys you talk about are manipulated by those who control and issue fiat currency. By expanding and retracting the money supply you can consolidate wealth and property to those banksters at the exspense of the poor. Since the inception of the Fed in 1913, the dollar has lost over 95% of its purchasing power which means Americans have to work longer and harder to purchase the necessties of life. This is result of a currency backed by nothing of value and can be created out of thin air. Our debt is almost at the peak where we as a nation will no longer be able to even pay the interest on it and when that happens TSWHTF.

preach!



..and then the public walks blindly voting d over r & r over d...just because they told us to pick r or d & vote for one or the other (big choice here) in high school.
& who can make war with that system?

Maybe we will find another planet to escape to & pioneer one day, hopefully before earths elitists & the gubberments think they also own outer space.

[No Gravy]

There have been 35 bank failures since the year 2000.

Here is the list - bookmark it and watch for yours:

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

Or from 1991: http://www.fdic.gov/bank/historical/bank/index.html

So *that's* the bank list! I kept seeing it referenced in articles, but never knew where it was. I also never knew NetBank went under. I remember considering them when they first came out. Looks like it was good to go with brick and mortar.

That list from 1991...unbelievable! I just wish I could remember what it was like then. (I'm more than old enough, it was just an odd time in my life).