Article which is harbinger of dark events to come…

[stockstradr]

http://online.wsj.com/article/SB120671093586671677.html

That is exactly the kind of news article I keep a very close watch out for. The failure of big banks is beginning. Nobody knows how bad it will get before it ends. I think it is best not to UNDERestimate how bad economic conditions will get during the next few years.

[bubble_contagion]

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 workers in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said Tuesday.

I am sure the FDIC must know something….

http://calculatedrisk.blogspot.com/2008/03/fdic-to-hire-more-workers-braces-for.html

[bubble_contagion]

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 workers in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said Tuesday.

I am sure the FDIC must know something….

http://calculatedrisk.blogspot.com/2008/03/fdic-to-hire-more-workers-braces-for.html

[bubble_contagion]

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 workers in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said Tuesday.

I am sure the FDIC must know something….

http://calculatedrisk.blogspot.com/2008/03/fdic-to-hire-more-workers-braces-for.html

[bubble_contagion]

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 workers in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said Tuesday.

I am sure the FDIC must know something….

http://calculatedrisk.blogspot.com/2008/03/fdic-to-hire-more-workers-braces-for.html

[bubble_contagion]

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 workers in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said Tuesday.

I am sure the FDIC must know something….

http://calculatedrisk.blogspot.com/2008/03/fdic-to-hire-more-workers-braces-for.html

[CAwireman]

Is there a public rating system for banks? Some way to assess them before opening an account?

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

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

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[kewp]

Yes, thanks to the genius of the Fed we have recession *and* inflation!

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[davelj]

FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.

[stockstradr]

Thank you to bubble_contagion for posting the link to the other article, which is even a better read than the article I started the thread with.

[stockstradr]

Thank you to bubble_contagion for posting the link to the other article, which is even a better read than the article I started the thread with.

[stockstradr]

Thank you to bubble_contagion for posting the link to the other article, which is even a better read than the article I started the thread with.

[stockstradr]

Thank you to bubble_contagion for posting the link to the other article, which is even a better read than the article I started the thread with.

[stockstradr]

Thank you to bubble_contagion for posting the link to the other article, which is even a better read than the article I started the thread with.

[davelj]

FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.

[davelj]

FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.

[davelj]

FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.

[davelj]

FMT’s been a reckless actor for some time. I’ll be shocked if it doesn’t fail. There’s no franchise there worth saving. I’d also keep an eye on DSL, VNBC, CORS, BKUNA… the list goes on and on and on. In a moment of unintentional candor, the only intelligent thing Bernanke’s said in the last month was that he believed we could have 100-200 bank failures over the next couple of years. I think that’s a pretty good number. Plenty more shoes to drop that aren’t priced into the equity market.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[Diego Mamani]

JWM (Must you sign your messages at the top? It appears that you’re cluelessly addressing yourself when you do so): I wasn’t applauding the current Fed policy choices. I’d prefer it if they let a few large banks crash and preserved the value of the dollar. Instead, they are pumping liquidity to bail out lenders and debasing the dollar at the same time.

I think we are pretty much entering a mild recessionary period. But you can’t possibly say that “we are already in a severe recession” given the low unemployment levels we have (4.8% as of Feb 2008!).

Of course high inflation is undesirable. That’s why I said that it would be a cost. The policy aim appears to be to reduce the severity of the blow in the short term in exchange for high inflation, which unfortunately would result in a reduced standard of living for many years.

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[JWM in SD]

JWM in SD

“As I wrote elsewhere, the Fed won’t let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.”

Oh yes they will, just not certain ones. No, a severe recession cannot averted because were alread in it and it cannot averted through inflation….that will just exacerbate the situation.

I swear some you guys are F**ing clueless…..

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

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

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

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

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

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

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[Diego Mamani]

I use Bankrate.com and Bauerfinancial.com. This FDIC page has links to many sites, some are free while some charge a fee.

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

The OP article is a about a subprime lender that was expected to be in trouble. As I wrote elsewhere, the Fed won't let banks fail by making unlimited funds available to them. A severe recession will be averted, but at the cost of higher inflation.

[CAwireman]

Is there a public rating system for banks? Some way to assess them before opening an account?

[CAwireman]

Is there a public rating system for banks? Some way to assess them before opening an account?

[CAwireman]

Is there a public rating system for banks? Some way to assess them before opening an account?

[CAwireman]

Is there a public rating system for banks? Some way to assess them before opening an account?

[Author]

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