Comments on: Banks Got Trouble With A Capital "T" http://housingdoom.com/2008/08/26/banks-got-trouble-with-a-capital-t/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: daddymunster1 http://housingdoom.com/2008/08/26/banks-got-trouble-with-a-capital-t/#comment-13852 daddymunster1 Wed, 27 Aug 2008 15:45:11 +0000 http://housingdoom.com/?p=1597#comment-13852 What ever happened to a "Soft Landing?" What ever happened to a “Soft Landing?”

]]> By: Richcinaz http://housingdoom.com/2008/08/26/banks-got-trouble-with-a-capital-t/#comment-13851 Richcinaz Wed, 27 Aug 2008 03:05:52 +0000 http://housingdoom.com/?p=1597#comment-13851 With Alt-A loans just starting to reset I wonder how bad it's going to get. That 8.9 billion cost to the FDIC for IndyMac may seem rather paultry in a year or two. With Alt-A loans just starting to reset I wonder how bad it’s going to get. That 8.9 billion cost to the FDIC for IndyMac may seem rather paultry in a year or two.

]]> By: John M. http://housingdoom.com/2008/08/26/banks-got-trouble-with-a-capital-t/#comment-13850 John M. Tue, 26 Aug 2008 23:27:41 +0000 http://housingdoom.com/?p=1597#comment-13850 <em>Pour me another tequila, Sheila ...</em> <a href="http://www.reuters.com/article/bondsNews/idUSN2637860820080826" rel="nofollow">"FDIC says IndyMac failure costlier than expected"</a>, by Karey Wutkowski, <em>Reuters</em>, August 26, 2008.<blockquote>The Federal Deposit Insurance Corp said on Tuesday it now expects IndyMac's failure in July to cost its insurance fund <strong>$8.9 billion</strong>, compared with the previous expected range of $4 billion to $8 billion.<br /> ...<br /> <br /> The FDIC said its Deposit Insurance Fund fell in the second quarter <strong>to $45.2 billion, down from $52.8 billion</strong> at the end of the first quarter, due to an increase in bank failures.</blockquote> calc.exe tells me that's about a 14 percent drop in 3 months. Won't take too many more like that and we're hosed. Pour me another tequila, Sheila …

“FDIC says IndyMac failure costlier than expected”, by Karey Wutkowski, Reuters, August 26, 2008.

The Federal Deposit Insurance Corp said on Tuesday it now expects IndyMac’s failure in July to cost its insurance fund $8.9 billion, compared with the previous expected range of $4 billion to $8 billion.
…

The FDIC said its Deposit Insurance Fund fell in the second quarter to $45.2 billion, down from $52.8 billion at the end of the first quarter, due to an increase in bank failures.

calc.exe tells me that’s about a 14 percent drop in 3 months. Won’t take too many more like that and we’re hosed.

]]> By: BottomFisher http://housingdoom.com/2008/08/26/banks-got-trouble-with-a-capital-t/#comment-13849 BottomFisher Tue, 26 Aug 2008 22:40:12 +0000 http://housingdoom.com/?p=1597#comment-13849 And this won’t be the end. According to Sheila Bair, FDIC Chairman.....you can BANK on it! And this won’t be the end. According to Sheila Bair, FDIC Chairman…..you can BANK on it!

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