Comments on: Two More Bank Failures… And Counting… http://www.fivecentnickel.com/2008/11/10/two-more-banks-failed/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 15:56:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dave http://www.fivecentnickel.com/2008/11/10/two-more-banks-failed/comment-page-1/#comment-126538 Dave Mon, 10 Nov 2008 18:47:47 +0000 http://www.fivecentnickel.com/?p=2045#comment-126538 Bank deposits about 7 trillion - source wikianswers According to the FDIC 2007 Annual Report, the FDIC has only $53 billion to cover losses Do your own math! Bank deposits about 7 trillion – source wikianswers

According to the FDIC 2007 Annual Report, the FDIC has only $53 billion to cover losses

Do your own math!

]]> By: Larry http://www.fivecentnickel.com/2008/11/10/two-more-banks-failed/comment-page-1/#comment-126537 Larry Mon, 10 Nov 2008 18:41:16 +0000 http://www.fivecentnickel.com/?p=2045#comment-126537 I live in Houston and happen to have a friend who worked for Franklin Bank and he said that they have been struggling for some time now. Luckily he doesn't work for them anymore and he got out before they went under but when he heard ther news it was no surprise to him. He said that a lot of banks are still hiding bad assets off thier balance sheets and are sort of 'testing the waters' with the Feds in order to see what they can and cannot get away with. Larry I live in Houston and happen to have a friend who worked for Franklin Bank and he said that they have been struggling for some time now. Luckily he doesn’t work for them anymore and he got out before they went under but when he heard ther news it was no surprise to him.

He said that a lot of banks are still hiding bad assets off thier balance sheets and are sort of ‘testing the waters’ with the Feds in order to see what they can and cannot get away with.

Larry

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