Bank Failure Friday - October 8, 2010

[joe_momma]

Happy Bank Failure Friday -

Congrads to Zap for calling 2 last week - Wakulla and Shoreline bit the dust.

We're now well into election season, any bit of activity is filtered through that lens - Will closing banks hurt or help Democrats?

I think now that it is evident that the Fed will print infinite amounts of money, the banks no longer need to worry about those pesky under performing notes, so we'll see a drop from the anemic pace they've already set.

How many go down this week?

For the Ruprick - what state will be honored?

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

Good luck!

[Apparition]

I'll guess that there'll be a modest 1-2 bank failures.

[1970 silver art]

I am going to predict 3-4 bank failures for today with Tennessee for the Ru prick.

[Neuro]

I guessed 7-8, I think they rather take a bunch now so the voters forget it till election...

[joe_momma]

I see two - one in FL - TPTB are doing anything they can to keep a lid on things until the elections.

[MNeagle]

3-4 Ohio

[madfranks]

5-6 and Texas for the powerball.

[Spectrism]

We have major banks who committed interstate fraud and now cannot foreclose on mortgages.... yet they get a pass.

[joe_momma]

time to see how it goes down!

[Ash_Williams]

Nothing? This is pathetic.

[platinumdude]

Columbus day being on Monday, they all took a long weekend off.

[1970 silver art]

Columbus day being on Monday, they all took a long weekend off.


Yeah that must be the reason. Gov't workers seem to like start their long weekends early.

[MNeagle]

still time for the left coast to report

[madfranks]

Columbus day being on Monday, they all took a long weekend off.


Yeah that must be the reason. Gov't workers seem to like start their long weekends early.



You might have said that jokingly, but most likely you're correct. I once worked for on a gov't project and our gov't rep was out of the office more than she was in.

[1970 silver art]

Hmmmm...........No bank failures this Friday (Oct. 8). Those FDIC slackers have been slacking off since Sept. 17 (6 bank failures on 9-17-2010).

I do not know about you but I smell an epic bank failure whoopsie (15 or more bank failures) coming later this month or sometime in November. Just my gut feeling talking to me.

[Neuro]

Hmmmm...........No bank failures this Friday (Oct. 8). Those FDIC slackers have been slacking off since Sept. 17 (6 bank failures on 9-17-2010).

I do not know about you but I smell an epic bank failure whoopsie (15 or more bank failures) coming later this month or sometime in November. Just my gut feeling talking to me.

Silence before the shitstorm?... Yeah I'll go with that... Either 15 or so, or a megabank failure... Citibonk maybe?