Bank Failure Friday, June 4 2010

[joe_momma]

Hello GSUS'ers
Another Friday another round of BFF - How many of the 400+ insolvent banks (and 2,800+ that are over extended) will be shuttered today?

Last week was a conundrum - technically 5 separate chartered banks went down, although 3 of them were clearly closely related (something like restaurant franchises vs. the entire corporation) - because of the straddle there were a number of tied winners last week.

How will it go down today?

As a tie breaker - choose a state/district/commonwealth which will receive the attention of the FDIC this week.

One can follow along at:
http://www.fdic.gov/bank/individual/failed/banklist.html

Good luck!

:)

I'll go with 5 and California!

[MNeagle]

6 & Georgia.

[k-os]

6-8 with an emphasis on Florida. We're already one of the highest foreclosure states. Oil is going to make the downhill slope more slippery.

[jimswift]

6-8 and California should see yet another go down.

[Fudup]

I chose 3 to 5 while Obummer Golfs.

[joe_momma]

6-8 with an emphasis on Florida. We're already one of the highest foreclosure states. Oil is going to make the downhill slope more slippery.


Good call - darnit - I wish I'd thought of the impact on the tourism to FL before I'd voted!

[DMac]

7 - Alaska

[Apparition]

6-8 is my prediction.

[gunDriller]

after witnessing the continuing destruction of the United States the last few weeks, i find myself thinking that the banking sector will follow along ... so i voted 6-8.

but i think that was kind of an emotional vote.

[Ash_Williams]

Eight

[Quantum]

3-5 and Georgia.

[Ponce]

I say NONE, the economy is doing great........but of course I am speaking for Obama and company.

[joe_momma]

One so far

First National Bank Rosedale MS

[Apparition]

Two so far:

First National Bank Rosedale, MS
Arcola Homestead Savings Bank Arcola, IL

[MNeagle]

now 3:

Regulators shut banks in Neb., Miss., Ill.
http://finance.yahoo.com/news/Regulators-shut-banks-in-Neb-apf-1155923153.html?x=0

[joe_momma]

Look like 3 is the count! It seems no one chose the three states - making it a 3 way tie!


Congrads to Quantum, Fudup and your humble poster!
Well done - see you all next week!

TierOne Bank Lincoln NE
Arcola Homestead Savings Bank Arcola IL
First National Bank Rosedale MS

[madfranks]

Man, these lackluster failure-Fridays really suck! I've almost given up on actually seeing a 9+ day!

[Quantum]

Congrads to Quantum, Fudup and your humble poster!


Thanks! Now what did I win? Do I get the assets of one of those banks? ;D