Which bank is next?

[TheBreeze]

Bank analysts are saying between 150 and 300 banks could fail in the next few years:

http://www.forbes.com/reuters/feeds/reuters/2008/07/13/2008-07-13T194832Z_01_N13367014_RTRIDST_0_BANKS-FAILURES-ANALYSIS.html

Here’s a list of banks from the article:

Among the other banks high on the list include Newport Beach, California’s Downey Financial Corp (nyse: DSL – news – people ), with a 95.4 percent ratio; Fort Lauderdale, Florida’s BFC Financial Corp (nyse: BFF – news – people ), which invests in BankAtlantic Bancorp Inc (nyse: BBX – news – people ) ; Coral Gables, Florida’s BankUnited Financial Corp (nasdaq: BKUNA – news – people ); Chicago’s Corus Bankshares Inc ; Los Angeles’ FirstFed Financial Corp; Troy, Michigan’s Flagstar Bancorp Inc (nyse: FBC – news – people ), and Washington Mutual, at 40.6 percent.

The list also includes Puerto Rico’s Doral Financial Corp (nyse: DRL – news – people ), First BanCorp (nasdaq: FBNC – news – people ) and Santander BanCorp.

[Raybyrnes]

As people pull deposits out from Indymac, WAMU, Downy Savings, Wachovia, they will have to park them somewhere. Someone is the beneficiary. I would say that Wells Fargo becomes one of the beneficiaries of other bank failures. They will get the deposits and shore things up. Just a hunch

[Raybyrnes]

As people pull deposits out from Indymac, WAMU, Downy Savings, Wachovia, they will have to park them somewhere. Someone is the beneficiary. I would say that Wells Fargo becomes one of the beneficiaries of other bank failures. They will get the deposits and shore things up. Just a hunch

[Raybyrnes]

As people pull deposits out from Indymac, WAMU, Downy Savings, Wachovia, they will have to park them somewhere. Someone is the beneficiary. I would say that Wells Fargo becomes one of the beneficiaries of other bank failures. They will get the deposits and shore things up. Just a hunch

[Raybyrnes]

As people pull deposits out from Indymac, WAMU, Downy Savings, Wachovia, they will have to park them somewhere. Someone is the beneficiary. I would say that Wells Fargo becomes one of the beneficiaries of other bank failures. They will get the deposits and shore things up. Just a hunch

[Raybyrnes]

As people pull deposits out from Indymac, WAMU, Downy Savings, Wachovia, they will have to park them somewhere. Someone is the beneficiary. I would say that Wells Fargo becomes one of the beneficiaries of other bank failures. They will get the deposits and shore things up. Just a hunch

[Bubblesitter]

What a wild ride this week at the banks, and it is only Wednesday!

WaMu staring around 5, dropping to nearly 3, now up 24% today to 4.5. I don’t have the stomach to day trade with such volatility, but there is opportunity for the gambler.

Well Fargo is certainly be one of the beneficiaries of all the flight from risker banks. Wells up 32% today, good news pulled up nearly all the other financials. They announced better than expected earnings and dividend increase.

People are more inclined to deposit money in “safer” banks, even though deposits <100K are FCIC insured in "risky" banks.

I'm still bearish on Downey, WaMu others.

Bubblesitter

[Bubblesitter]

What a wild ride this week at the banks, and it is only Wednesday!

WaMu staring around 5, dropping to nearly 3, now up 24% today to 4.5. I don’t have the stomach to day trade with such volatility, but there is opportunity for the gambler.

Well Fargo is certainly be one of the beneficiaries of all the flight from risker banks. Wells up 32% today, good news pulled up nearly all the other financials. They announced better than expected earnings and dividend increase.

People are more inclined to deposit money in “safer” banks, even though deposits <100K are FCIC insured in "risky" banks.

I'm still bearish on Downey, WaMu others.

Bubblesitter

[Bubblesitter]

What a wild ride this week at the banks, and it is only Wednesday!

WaMu staring around 5, dropping to nearly 3, now up 24% today to 4.5. I don’t have the stomach to day trade with such volatility, but there is opportunity for the gambler.

Well Fargo is certainly be one of the beneficiaries of all the flight from risker banks. Wells up 32% today, good news pulled up nearly all the other financials. They announced better than expected earnings and dividend increase.

People are more inclined to deposit money in “safer” banks, even though deposits <100K are FCIC insured in "risky" banks.

I'm still bearish on Downey, WaMu others.

Bubblesitter

[Bubblesitter]

What a wild ride this week at the banks, and it is only Wednesday!

WaMu staring around 5, dropping to nearly 3, now up 24% today to 4.5. I don’t have the stomach to day trade with such volatility, but there is opportunity for the gambler.

Well Fargo is certainly be one of the beneficiaries of all the flight from risker banks. Wells up 32% today, good news pulled up nearly all the other financials. They announced better than expected earnings and dividend increase.

People are more inclined to deposit money in “safer” banks, even though deposits <100K are FCIC insured in "risky" banks.

I'm still bearish on Downey, WaMu others.

Bubblesitter

[Bubblesitter]

What a wild ride this week at the banks, and it is only Wednesday!

WaMu staring around 5, dropping to nearly 3, now up 24% today to 4.5. I don’t have the stomach to day trade with such volatility, but there is opportunity for the gambler.

Well Fargo is certainly be one of the beneficiaries of all the flight from risker banks. Wells up 32% today, good news pulled up nearly all the other financials. They announced better than expected earnings and dividend increase.

People are more inclined to deposit money in “safer” banks, even though deposits <100K are FCIC insured in "risky" banks.

I'm still bearish on Downey, WaMu others.

Bubblesitter

[Bubblesitter]

WaMu is way down down today.

Very volatile in the last 2 weeks.

We are seeing large unsecured creditors pulling assets out.

http://calculatedrisk.blogspot.com/2008/07/report-wamu-unsecured-creditors-pulling.html

Piggs, if you have >$100K in accounts there, please please consider shifting $ over to any other FDIC insured institution.

Bubblesitter

[Bubblesitter]

WaMu is way down down today.

Very volatile in the last 2 weeks.

We are seeing large unsecured creditors pulling assets out.

http://calculatedrisk.blogspot.com/2008/07/report-wamu-unsecured-creditors-pulling.html

Piggs, if you have >$100K in accounts there, please please consider shifting $ over to any other FDIC insured institution.

Bubblesitter

[Bubblesitter]

WaMu is way down down today.

Very volatile in the last 2 weeks.

We are seeing large unsecured creditors pulling assets out.

http://calculatedrisk.blogspot.com/2008/07/report-wamu-unsecured-creditors-pulling.html

Piggs, if you have >$100K in accounts there, please please consider shifting $ over to any other FDIC insured institution.

Bubblesitter

[Bubblesitter]

WaMu is way down down today.

Very volatile in the last 2 weeks.

We are seeing large unsecured creditors pulling assets out.

http://calculatedrisk.blogspot.com/2008/07/report-wamu-unsecured-creditors-pulling.html

Piggs, if you have >$100K in accounts there, please please consider shifting $ over to any other FDIC insured institution.

Bubblesitter

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