U.S. Bank Collapses Reach 157 This Year as Six More Lenders Are Shuttered - GoFuckYourself.com

Amputate Your Head · 12-18-2010, 03:36 PM

U.S. Bank Collapses Reach 157 This Year - Dec 2010

Bloomberg - Regulators shuttered six banks holding a total of $1.23 billion in assets, including three in Georgia and one each in Arkansas, Minnesota and Florida, as real-estate losses drive this year?s bank failures to 157. Regulators have closed 322 banks since the start of 2008. Today?s six closures cost the FDIC?s deposit-insurance fund a total of $267.6 million.

More than 500 banks may fail before the cycle that started in 2007 comes to a close, ?given the severity of the problems and the prolonged nature of the recovery,? Ely said.

The FDIC said last month that its list of ?problem? banks -- those at heightened risk of failure -- rose 3.7 percent to 860 in the third quarter, the most in 17 years. Banks on the confidential list had $379.2 billion in assets as of Sept. 30, down from $403 billion at the end of the second quarter.

LINK

BIGTYMER · 12-18-2010, 04:21 PM

TheDoc · 12-18-2010, 04:37 PM

More than 500 eh? With less than 350 (in the last 10 years) closed thus far, it really sounds like it may be ending soon then.

Just think... In the first 10 months of the great depression something like 750 banks failed. In 1933, 4,000 failed and in total almost 9,000 failed in that 10 year period.

Amputate Your Head · 12-18-2010, 05:00 PM

Quote:

Originally Posted by TheDoc

More than 500 eh? With less than 350 (in the last 10 years) closed thus far, it really sounds like it may be ending soon then.

Just think... In the first 10 months of the great depression something like 750 banks failed. In 1933, 4,000 failed and in total almost 9,000 failed in that 10 year period.

we're just getting warmed up.

will76 · 12-18-2010, 05:21 PM

Sure the positive group of people around here. Just post negative shit all day. Congrats to you all. I bet you live exciting lives.

Amputate Your Head · 12-18-2010, 05:29 PM

Quote:

Originally Posted by will76

Sure the positive group of people around here. Just post negative shit all day. Congrats to you all. I bet you live exciting lives.

eat a fucking hot turd.

Coup · 12-18-2010, 05:30 PM

sucks not to be too big to fail I guess.

WarChild · 12-18-2010, 05:30 PM

Amp we should go rollin' down Rodeo with a shotgun sometime soon man. Fuck the system!

Coup · 12-18-2010, 05:32 PM

Quote:

Originally Posted by will76

Sure the positive group of people around here. Just post negative shit all day. Congrats to you all. I bet you live exciting lives.

Tell us, where does one purchase the rose tinted glasses you view the world through?

TheDoc · 12-18-2010, 05:32 PM

Quote:

Originally Posted by Amputate Your Head

we're just getting warmed up.

Let me know when we get to the banks that didn't do a bunch of crap business and fraud.

Amputate Your Head · 12-18-2010, 05:34 PM

Quote:

Originally Posted by TheDoc

Let me know when we get to the banks that didn't do a bunch of crap business and fraud.

such a unicorn exists?

$5 submissions · 12-18-2010, 05:34 PM

Quote:

Originally Posted by BIGTYMER

Better yet... GOLD EFTs

TheDoc · 12-18-2010, 05:37 PM

Quote:

Originally Posted by Amputate Your Head

such a unicorn exists?

Oh yeah, out of the 8500+ banks in America, only a small percentage of them are in any danger of closing.

$5 submissions · 12-18-2010, 06:02 PM

This image is quite appropos

Amputate Your Head · 12-18-2010, 06:22 PM

Quote:

Originally Posted by TheDoc

Oh yeah, out of the 8500+ banks in America, only a small percentage of them are in any danger of closing.

they just haven't been caught with their fingers in the cookie jar.... yet.

will76 · 12-18-2010, 06:26 PM

Quote:

Originally Posted by Coup

Tell us, where does one purchase the rose tinted glasses you view the world through?

LOLOL I see things for what they are, the good and the bad. You are so far whacked to the negative side that you see people in the middle as "rose tinted glasses" viewing the world.

Coup · 12-18-2010, 06:42 PM

Quote:

Originally Posted by will76

You are so far whacked to the negative side that you see people in the middle as "rose tinted glasses" viewing the world.

Sorry, I live in a place called reality. You see, here in reality so much negative shit goes on it's impossible to ignore. So.. about those glasses..

dyna mo · 12-18-2010, 07:32 PM

you doomsday, the end is nigh guys crack me up. you all have an incessant need to drag everybody else down to your level of pessimism and to also require we all have the same view.

i guess the age old adage is true- misery seeks company.

PornMD · 12-18-2010, 11:52 PM

It always amazes me how many banks and other fairly sizable companies fail left and right, and then recall everything the govt did to prop up Fannie Mae/Freddie Mac and AIG. Fucking incredible.

tom3k · 12-19-2010, 04:58 AM

consolidation is all part of the plan kids.

less banks = more power in the hands of those that are still around.

TheDoc · 12-19-2010, 06:33 AM

Quote:

Originally Posted by PornMD

It always amazes me how many banks and other fairly sizable companies fail left and right, and then recall everything the govt did to prop up Fannie Mae/Freddie Mac and AIG. Fucking incredible.

Fannie Mae/Freddie Mac back, like 95% of all mortgages in America.. Then all major corps, banks, etc take out Insurance policies on each us, employees, people that use the service even.. and AIG was that insurance company.

They didn't just proper them up when they bailed them out, they saved Americans and American Corps trillions in lost money by doing it.

Davy · 12-19-2010, 07:40 AM

Invest in seeds and farm land. It will come in handy - if not for you, then for your children.

12-18-2010, 03:36 PM	#1
Amputate Your Head There can be only one Industry Role: Join Date: Aug 2001 Location: Somewhere else Posts: 39,075	U.S. Bank Collapses Reach 157 This Year as Six More Lenders Are Shuttered U.S. Bank Collapses Reach 157 This Year - Dec 2010 Bloomberg - Regulators shuttered six banks holding a total of $1.23 billion in assets, including three in Georgia and one each in Arkansas, Minnesota and Florida, as real-estate losses drive this year?s bank failures to 157. Regulators have closed 322 banks since the start of 2008. Today?s six closures cost the FDIC?s deposit-insurance fund a total of $267.6 million. More than 500 banks may fail before the cycle that started in 2007 comes to a close, ?given the severity of the problems and the prolonged nature of the recovery,? Ely said. The FDIC said last month that its list of ?problem? banks -- those at heightened risk of failure -- rose 3.7 percent to 860 in the third quarter, the most in 17 years. Banks on the confidential list had $379.2 billion in assets as of Sept. 30, down from $403 billion at the end of the second quarter. LINK __________________ SIG TOO BIG

12-18-2010, 04:37 PM	#3
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	More than 500 eh? With less than 350 (in the last 10 years) closed thus far, it really sounds like it may be ending soon then. Just think... In the first 10 months of the great depression something like 750 banks failed. In 1933, 4,000 failed and in total almost 9,000 failed in that 10 year period. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

12-18-2010, 05:21 PM	#5
will76 Making $$$$ w/ ClickCash Industry Role: Join Date: May 2003 Location: USA Posts: 18,037	Sure the positive group of people around here. Just post negative shit all day. Congrats to you all. I bet you live exciting lives. __________________ ICQ: 86364801 Email: will [at] innovativeassets [dot] com PROGRAM SHIT LIST - DO NOT PROMOTE (click link for gfy thread) FNCash \| Media Revenue

12-18-2010, 05:30 PM	#8
WarChild Let slip the dogs of war. Industry Role: Join Date: Jan 2003 Location: Bermuda Posts: 17,263	Amp we should go rollin' down Rodeo with a shotgun sometime soon man. Fuck the system! __________________ .

12-18-2010, 06:02 PM	#14
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	This image is quite appropos __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

12-18-2010, 04:21 PM	#2
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066

12-18-2010, 05:30 PM	#7
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	sucks not to be too big to fail I guess.

12-18-2010, 07:32 PM	#18
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,779	you doomsday, the end is nigh guys crack me up. you all have an incessant need to drag everybody else down to your level of pessimism and to also require we all have the same view. i guess the age old adage is true- misery seeks company.

12-18-2010, 11:52 PM	#19
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	It always amazes me how many banks and other fairly sizable companies fail left and right, and then recall everything the govt did to prop up Fannie Mae/Freddie Mac and AIG. Fucking incredible. __________________ Want to crush it in mainstream with Facebook ads? Hit me up.

12-19-2010, 04:58 AM	#20
tom3k Confirmed User Industry Role: Join Date: Nov 2007 Posts: 105	consolidation is all part of the plan kids. less banks = more power in the hands of those that are still around.

12-19-2010, 07:40 AM	#22
Davy Confirmed User Industry Role: Join Date: Apr 2006 Location: Germany Posts: 4,323	Invest in seeds and farm land. It will come in handy - if not for you, then for your children. __________________ --- ICQ 14-76-98 <-- I don't use this at all