(h/t Prissy Patriot)
Banks in Colorado, Maryland, Georgia and California top privately-prepared lists of troubled banks being circulated on Wall Street and in Washington.
While the Federal Deposit Insurance Corporation (FDIC) is keeping secret its official list of 90 troubled banks, ABC News has obtained other lists prepared by several research groups and financial analysts.
The lists use versions of the so-called "Texas ratio" which compare a bank's assets and reserves to its non-performing loans, based on financial data made public by the FDIC in March.
Analysts say banks with a ratio over 100 per cent would be the most likely to fail, based on what happened to Texas savings and loans during the 1980's.
Read on. And watch the president of the American Bankers Association in this interview talk about how important it is to keep this private.
This is a list of all of the banks in the United States (Click here.) and the corresponding Texas Ratio for each one. Developed by Gerard Cassidy, the Texas ratio is a measure of a bank's credit troubles. Basically, the higher the ratio, the worse the situation is for that particular bank. Banks with a ratio of 100 and higher are in very serious danger of collapse, and banks with a ratio of 50 or higher are vulnerable.
Banks in Colorado, Maryland, Georgia and California top privately-prepared lists of troubled banks being circulated on Wall Street and in Washington.
While the Federal Deposit Insurance Corporation (FDIC) is keeping secret its official list of 90 troubled banks, ABC News has obtained other lists prepared by several research groups and financial analysts.
The lists use versions of the so-called "Texas ratio" which compare a bank's assets and reserves to its non-performing loans, based on financial data made public by the FDIC in March.
Analysts say banks with a ratio over 100 per cent would be the most likely to fail, based on what happened to Texas savings and loans during the 1980's.
Read on. And watch the president of the American Bankers Association in this interview talk about how important it is to keep this private.
This is a list of all of the banks in the United States (Click here.) and the corresponding Texas Ratio for each one. Developed by Gerard Cassidy, the Texas ratio is a measure of a bank's credit troubles. Basically, the higher the ratio, the worse the situation is for that particular bank. Banks with a ratio of 100 and higher are in very serious danger of collapse, and banks with a ratio of 50 or higher are vulnerable.
4 comments:
Smart move to keep information away from the public. Just think people will take their money out of the banks that are going out of business. This way the bank Executives and get the ballon packages with the customers money. Yes American will wake up and find out their bank is closed and their money is gone.
Heck yeah, they'll grab their cash before the big boys do...tried to sign up for "follow this blog" but got an error message:(
[Bleeping] cat paws trying to type . . .
Time to invest in mattresses and shovels 'cause people are going to be pulling even more money out of the banks to stuff mattresses and boxes in the backyard.
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