"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Saturday, February 27, 2010

FDIC Friday, rather quiet however 2 more banks closed

One could say this was almost a boring week for the FDIC however they did manage closing two more banks bringing this year's total to 22 banks.

Carson City, NV and the estimated cost to FDIC is $7.9 million
Tacoma, WA and the estimated cost to the FDIC is $95.2 million

702 banks made the FDIC Troubled bank list as of the end of 2009. Two down and 700 to go; unless of course Q1 2010 turns out to be not as robust as the bullish pundits paraded around on CNBC have been touting.

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