George Bailey, eat your heart out.
There were two failures a week and a day ago, which appear to be the last we're going to have in 2011.
#91 was Premier Community Bank of the Emerald Coast, Crestview, Florida, costing the FDIC $31.2 million.
#92 was Western National Bank, Phoenix, Arizona, costing the FDIC $37.6 million.
An unofficial list of problem banks here stands at 973 institutions with just under $398 billion in assets, not very different from last year at this time when it was 919 banks and $408 billion in assets.
Extend and pretend continues, which allows banks slowly to heal. But modern banking is rotten to the core nonetheless, just like everything else, in my humble opinion.
An unofficial list of problem banks here stands at 973 institutions with just under $398 billion in assets, not very different from last year at this time when it was 919 banks and $408 billion in assets.
Extend and pretend continues, which allows banks slowly to heal. But modern banking is rotten to the core nonetheless, just like everything else, in my humble opinion.
