Comments on: FDIC: Jump In Number of Troubled Banks

117 Banks And Thrifts Are In Trouble, While Bank Profits Plunged 86% In Second Quarter

[docpeter-2009]

From the above article, "Quite frankly, the results were pretty dismal," FDIC Chairman Sheila Bair said at a news conference, but they were not surprising given the housing slump, a worsening economy, and disruptions in financial and credit markets.

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Evidently she needs to talk to Bush-McCain, she is not supporting the GOP.

[lochlan-2009]

"117 Banks And Thrifts Are In Trouble, While Bank Profits Plunged 86% In Second Quarter"


And the markets are going up today.

[donevis-2009]

Anyone notice how long checks are taking to clear now? Wrote a check to my son to deposit in his account. My account was charged the after a one day delay. His bank told him it will take a week to clear. Secondly I cashed out my 401k plan because of the beating it was getting. Almost 5 grand in six months. When I deposited the check I was told only 5 grand would be available in 5 business days and the remainder two days after that. Oh, and now this CBS news page has stopped showing the stock market graph that was showing up in the right hand column. Things are starting to get wierd. "God Speed USA"

[xmanborg]

Let these banks Fail and close them. There are way to many Banks anyway and these Home Loans and Defaults are going to keep coming until 2010.

So Sit Down Tight and Hold on Right because the ECONOMY is going on Strike.

Bank Profits Plunged 86% In Second Quarter, I am Glad Bank of America Charges $34 for overdraft fee and that is criminal, thats why I closed my account with B of A because they are a bunch of Swindlers.

[jtdev1]

I remember a few years back where the banks were getting double digit profit increases, now look we have to bail them out now. What happened to all that profit money?

This always happens. I guess it''s what you call Capitolism and free markets...

[missingamerica]

The horrible thing is that this will undoubtedly lead to further consolidation in the banking industry...

How long will it be, before two or three bank presidents decide who will be President of, and who will starve in, the United States of America?

[wl7bzh]

There''''s too many banks anyway. It''''s time for them to tighten their belts like the rest of us. I''''m sick of seeing banks built with the finest marble and brass.

Posted by u-r-right at 08:03 AM : Aug 27, 2008
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Kinda like the way televangelists build churches,Huh.

[stn_sage]

The FDIC should STOP bailing these banks out.
I mean stop it, NOW! And if local, state, and federal authorities WON''T do their jobs and take action against some of these wiseguy bankers, than the people CAN at the local level! But these cheating, lying, and fraud that is going on by these bankers MUST stop, NOW!

[stn_sage]

We need to hold the bankers RESPONSIBLE for their actions! IF they make business decisions that any SANE person WOULD NOT have made, then they should be held liable for it!
They should get what the common citizen gets---
JAIL! JAIL! JAIL!. After a couple dozen got sent, the funny business WOULD STOP!
I say let''s try it and SEE! I bet I''m correct!

[stn_sage]

r9119111, but what about the poor innocent banks who loaned money to predatory people who had no intention of paying them back?

Posted by gop_forever at 09:18 AM : Aug 27, 2008
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SHAME ON YOU! SHAME ON YOU!
There''s no depths you are unwilling to plunge to in
order to lie and deceive! You''re awful!

Let me correct you as you''ve get things ''glass backwards''! You got the role of the banks and people backwards! It was the predatory BANKS who thought they could make an easy dollar, who stupidly allowed naive people to take on mortgages that they would fall behind in payments on! GET IT CORRECT!

[r9119111]

gop_forever at 09:18 AM : Aug 27, 2008:

Poor innocent banks -- my foot.

so much for those ''fiscal'' conservatives!

[r9119111]

I just watched a hawk attack a dove. When I tried to scare the hawk away he clutched the dove with his strong talons and flew out of range to finish the job. I felt helpless and said a prayer, not of the hawk, but for the dove. He didn%u2019t have the equipment to fight off the predatory attack. He did the best he could to escape but failed.

I couldn%u2019t help relating it to the predatory climate in America in recent years. Republicans should hang their heads in shame for what they have done to America. Ordinary people have needed your help and you have turned your arrogant backs on them. All the while claiming to be people of high moral values. I am an independent voter who will never vote Republican again. You have shown me your true nature and I no longer support you or your values. No More!

[jmurrieta1]

This reminds of the savings and loan failures that John McCain was such a big part of.

If you want to see your life savings evaporate, be sure to vote Republican. If you''re not already a billionaire, they could care less about your retirement.

[u-r-right]

There''s too many banks anyway. It''s time for them to tighten their belts like the rest of us. I''m sick of seeing banks built with the finest marble and brass.

[rushliberal]

And WHO is surprised by this?

Remember under Reagan and Daddy Bush - Banks failed back then too - When will people LEARN that REPUBLICANS cannot run a country!