»»»»»»»» Banks in Trouble List – What 90 (now 117) banks are in trouble and where’s the list of 90 (Update: 117) failing banks in trouble?
UPDATE: BANKS IN TROUBLE LIST GROWS FROM 90 TO 117, BUT THE FDIC STILL DOESN’T PUBLISH IT…
With the closing of Lehman Brothers and Merrill Lynch getting bought out by Bank of America, everyone is searching for the “banks in trouble” list. Find more info below about how you can tell if your bank may be one of the banks in trouble on the FDIC’s secret list…
Where can we find the FDIC list of 90 (now 117) banks in trouble? We can’t, the FDIC doesn’t publish it… but here are ways to find if your bank may be on the 117 banks in trouble list…
»»»»»»»» Get email notifications from the FDIC of bank failures…»»»»»»»»
»»»»»»»» Read the “banks in trouble list” according to Bank Implode (not according to the FDIC) — Bank Implode researches bank write-downs and the like to come up with their own watch list…»»»»»»»»
»»» View this FDIC list of failed banks…»»»»
»»»»»»»» Find your bank’s strength rating bank here at BankRate.com »»»»»»»»
My Chase Bank is great at 5, while National City’s is horrible at 1.
Read Suze Orman’s “My FDIC” advice about the safest bank moves – Watch the Today Show Video:
I watched the NBC Nightly News report posted below from Sunday, July 13, 2008, wherein it mentioned that the FDIC had a list of 90 banks (now 117) in trouble, even worse trouble of failing than Indymac.
So watching those people panic reading the bank failure notice taped to Indymac’s doors, I, like lots of other people, started the search, asking Dear Google: “Banks in trouble? What banks are in trouble? 90 banks in trouble? List of banks in trouble, failing banks, banks in trouble list” to no avail.
Turns out that while the FDIC is closely watching 90 (117) banks on their “problem list,” the FDIC won’t publish the list of 90 trouble banks so people won’t panic and pull their money out…says CNN.
I’m glad I’ve got two different bank accounts and one brokerage account — now I pray for more money to be loaded up in them!
Watch the video where the 90 banks in trouble list is mentioned:
Labels: what banks are in trouble, 90 banks in trouble, list of banks in trouble, failing banks, banks in trouble list, banks in trouble
July 14th, 2008 at 10:58 pm
I have the name of one bank in trouble: my piggybank. It’s broken. My cats knocked it off the counter. Just as well. My toyota’s timing chain is in trouble like the banks.
July 15th, 2008 at 12:34 am
Yea, it’s kinda a shame that we don’t know…but the FDIC does have a point. If I knew that my bank was on the list, I’d probably pull my money out pretty quick.
July 15th, 2008 at 8:36 am
I have not actually seen the list, but I would assume the list of banks are the banks who did quite a bit of subprime lending and have heavy concentration of outstanding loans in the California areas. There were a # of lenders during the CA boom, going into , second, third, and 4th position, and allowing up to 120% LTV, (loan to value) on CA properties.
I also know, or understand that the loop hole to FDIC insurance is per beneficiary. In other words you are guaranteed $100k, FDIC, your spouse is another $100k and each beneficiary you have is another $100k, so if you have 10 beneficiaries listed it would be $1 million dollars of FDIC insurance. I hope this helps.
July 15th, 2008 at 9:25 pm
There’s about 35 listed on: http://bankimplode.com/blog/category/writedowns-and-distress/
July 16th, 2008 at 10:49 am
Thanks so much Bob — That helps with that link to the banks in trouble, according to Bank Implode.
July 16th, 2008 at 4:07 pm
Here’s a list from KNX 1070 (CBS Affiliate) in Los Angeles.
http://imgsrv.knx1070.com/image/knx/UserFiles/File/troubledbanks.pdf
August 14th, 2008 at 2:12 pm
I’ve been telling people for months now to get their money into credit unions instead of banks–have you heard anything about credit unions getting into trouble? Chances are you probably won’t, but you never know.
September 21st, 2008 at 11:12 am
My condominium Complex is in Shambles.. Its in financial crisis. You think the Government can Bail us out?.. how about education system. where is ther bailout money.?. What a freaken shame. American Democracy at its best. This Sucks…
September 26th, 2008 at 1:16 am
Me and my family live check to check my husband is out there truckin for a livin we need every mile we can get to survive…if our bank goes under NATIONAL CITY I dont know what we will do about it…I want to say this BUY AMERICAN when you do We still live in the land of the free for now..but my fear is some other country will end uop bailing us out and then owning us…who knows
October 1st, 2008 at 3:41 pm
You think this is bad Russia has 4 battleships heading to the caribean with 20 long range nuke missles
October 12th, 2008 at 5:57 am
My educated guess would be Corus (Chicago), GMAC (Utah), Imperial Capital (La Jolla, CA),Amtrust (Cleveland), Zions, Nexity (Alabama), Alliance (Culver City, CA), Countrywide Bank (Thousand Oaks) are all on that list. Any bank in California, Nevada, many banks in Florida-probably all suffering.
Does it matter if they publish the list or not? Americans have had a negative savings rate for four years in a row. Does anyone have anything on deposit anyway? Seems if they did, this situation wouldn’t be quite as bad. Neal Bush pushed us into the Savings and Loan Crisis in the 80’s and that cost the taxpayer $100 billion. But that was just kindergarten compared to this. Bush family was seeing what they could get away with and get the taxpayer to pay for. And the idiots with no memory voted for them again. Good job. This is SO much better than gay marriage.
December 14th, 2008 at 3:39 pm
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