BANKING LINKS Are Mortgage Rates Set To Skyrocket? “And bonds are now telling us that long-term interest rates are preparing for a major upside breakout. One look at a chart of the 10-year Treasury rate bears this out” – Barron’s Banks Need More Capital – No Agreement On How Much “Conspicuously absent from any regulatory […]
Archives for March 2010
Georgia And Florida Now Account For One Third Of 2010 Bank Failures
March 27, 2010 By Leave a Comment
Four More Banks Fail In Georgia, Florida and Arizona – 2010 Total Now 41 The four failed banks for March 26, 2010 had total assets of $1.2 billion and total deposits of $1.1 billion. The cost to the FDIC Deposit Insurance Fund (DIF) for these latest banking failures is estimated at $320 million. The cost […]
7 Banks Collapse – Stunning 42% Loss On Failed Bank Assets For FDIC
March 20, 2010 By Leave a Comment
2010 Banking Failures Increase To 37 As Seven More Banks Fail March 19 – The banking crisis continues as regulators closed seven failed banks, the largest number of lenders to collapse in one week this year. The seven failed banks for March 19, 2010 had total assets of $3.3 billion and total deposits of […]
FDIC May Need Taxpayer Bailout As Banking Failures Increase To 30
March 13, 2010 By Leave a Comment
2010 Banking Failures Increase To 30 As Three More Banks Fail The banking failures continue as regulators closed three more failed banks. The three failed banks for March 12, 2010 had total assets of $1.1 billion and total deposits of $1.0 billion. The cost to the FDIC Deposit Insurance Fund (DIF) for these latest […]
Is The Banking Industry On The Road To Recovery Or Perdition?
March 13, 2010 By Leave a Comment
Banking Links No Catching Up – Staggering 10% Of All Mortgage Borrowers Are Delinquent 3 Payments – WP Many Mortgage Borrowers Beyond “Help” – MSN Will Dodd’s Financial “Reform” Program Really Solve Anything? – LAT How Lenders Are Hiding Defaulting Commercial Real Estate Loans – MM Another Bad Idea – Governments Seek To Solve Debt […]
New York Banking Failure Brings 2010 Total To 27
March 11, 2010 By Leave a Comment
First Banking Failure In New York Brings 2010 Total To 27 Banking regulators closed LibertyPointe Bank of New York, NY today, the first banking failure in New York this year. As of December 31, 2009 LibertyPointe had total assets of $209.7 million and total deposits of $209.5 million. The cost to the FDIC Deposit Insurance […]
Government Taxes Prudent To Help Foolish With Mortgage Rescue Plans
March 7, 2010 By Leave a Comment
Banking Links – March 8, 2010 Volcker Says – Keep Rates Low And Spending High – Bloomberg Local Governments Seek To Renege On Bank Interest Rate Swaps – BI Hard Times To Follow Reckless Fed Policies And Easy Bank Lending – Telegraph Banks Facing Huge Losses On Mortgage Buybacks – Bloomberg The EURO Will Survive […]
Bank Depositors Lose Millions As FDIC Finds No Buyers For 2 Failed Banks
March 6, 2010 By Leave a Comment
Banking Failures in Florida, Illinois, Maryland and Utah Bring 2010 Total To 26 The weekly banking failures continue as regulators closed four more failed banks. The four failed banks for March 5, 2010 had total assets of $1.1 billion and total deposits of $1.0 billion. The cost to the FDIC Deposit Insurance Fund (DIF) […]