Wednesday, November 26, 2008

Bunk Banks

In its latest quarterly report, the FDIC said the number of problem banks at the end of September stood at 171, up from 117 in the second quarter.
So far this year, 22 lenders have failed. Washington Mutual's collapse in September was the biggest in U.S. history. Here's the FDIC's list of failed banks since 2000.
lots more info HERE

Related:
U.S. Government announces another $800 Billion in bailout plans

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Friday, September 26, 2008

Wa Mu - Boo Hoo!

Washington Mutual is Largest U.S. Banking Failure in History
WaMu had its banking unit seized Sept. 25, 2008 by government regulators after customers withdrew $16.7 billion over 10 days. JPMorgan Chase & Co. became the biggest U.S. bank by deposits when it bought WaMu's branches with a $1.9 billion payment to the Federal Deposit Insurance Corp.
more HERE

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