- Firedoglake » FDIC Bulls Ahead in Bear Market; KC Fed President Cheers Them On – There are hundreds, if not thousands of jobs posted with titles like Compliance Officer, Compliance Examiner, Risk Management Examiner, and Loan Review Specialist. Make no mistake: the FDIC is preparing for a bull market in bank takeovers. And they may not be alone in their thinking.
- The Wall Street Journal Online – Interactive Graphics – Moody's Investors Service is launching a list called the "Bottom Rung," which details 283 companies that are at risk of defaulting on their debt. Below are the 30 largest companies on the list, based on rated debt.
Posts Tagged: FDIC
10
Mar 09
Daily Links for March 9th through March 10th
14
Feb 09
Daily Links for February 13th through February 14th
- Daily Kos: Ben and Jerry’s Bush Memorial Flavors [Suggestions] – - Grape Depression – Abu Grape – Cluster Fudge – Nut'n Accomplished – Iraqi Road – Chock 'n Awe – WireTapioca – Impeach Cobbler – Guantanmallow – imPeachmint – Good Riddance You Lousy Motherfucker… Swirl – Heck of a Job, Brownie! – Neocon Politan – RockyRoad to Fascism – The Reese's-cession – Cookie D'oh! – The Housing Crunch – Nougalar Proliferation – Death by Chocolate… and Torture – Freedom Vanilla Ice Cream – Chocolate Chip On My Shoulder – You're Shitting In My Mouth And Calling It A Sundae – Credit Crunch – Mission Pecanplished – Country Pumpkin – Chunky Monkey in Chief – George Bush Doesn't Care About Dark Chocolate – WMDelicious – Chocolate Chimp – Bloody Sundae – Caramel Preemptive Stripe – I broke the law and am responsible for the deaths of thousands…with nuts
26
Nov 08
Now how many ‘bad banks’?
In an April 2008 post titled “Which one’s are the bad banks, anyway?”, I noted that the secretive FDIC list included some 76 institutions. The list is currently at 171. While both of those numbers are less than the total number of bank failures during the Great Depression and the Savings and Loan Crisis, the amount of money in play makes the case as to why this situation is comparable if not worse.
18
Nov 08
Next to falter? Retail, Malls, and Regional Banks
Totally anecdotal – take rumored lists via SEC filings of stores closing retail locations (almost all are either internal mall stores or larger anchors) and the list of FDIC compliance-related job postings. The retailers who won’t be closing are drastically scaling back their plans for expansion.
For many municipalities, these malls serve as their civic center, job engines, and sources of tax revenue. Dead malls and empty big boxes may soon litter the landscape. The financing of these projects is usually done through regional banks.
25
Sep 08
Sh!t, I’d like to introduce you to Fan…
Where to begin? For starters, Dear Leader provides proof positive of exactly how bad things are, reiterating that “we have nothing to fear but fear itself“. The comments are not very Presidential and are sure to shake the confidence of both the American people, institutions, and our global partners.
Bush’s dire words will have consequences. For starters, there’s this little bit of great news from China [Reuters] followed by a swift reversal/denial [also Reuters]:
Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
14
Jul 08
Popular: Bad Banks
It goes without saying that given the stream of news through this weekend through Monday (Fannie Mae, Fannie Mac, IndyMac, and National City), the most popular post on Akkam’s Razor is this one, detailing my findings in search for the FDIC’s bad bank list.
18
Apr 08
Which ones are the bad banks, anyway?
At the very bottom of recent stories announcing the need for expanded staffing at the FDIC by 60%, with an emphasis of recruiting S&L Crisis veterans (WSJ, subscription required), was a sentence stating the following:
There are 76 banks on the FDIC’s “problem institutions” list – which would equate to about 10 expected bank failures this year. About six banks fail per year on average, FDIC officials said.
