2008 United States bank failures
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Eleven United States banks have failed as of September 5, 2008,[1] after only three failures in 2007 and none in 2006 or 2005.[2] United States regulatory agencies close a bank when its capital levels are too low, or it cannot meet obligations the next day.[2] IndyMac Bank was the second[3] or third[4] largest bank failure in United States history. William Isaac, former chairman of the Federal Deposit Insurance Corporation, predicts there will be "more failed banks this year.”[5] Early in 2008, the FDIC, anticipating a string of bank failures in 2008, began hiring retirees from its division of resolutions and receiverships.[6]
In late August, the FDIC reported that its list of 'problem banks' has risen to 117 banks, and it might have to ask the U.S. Treasury Department for more funds to cover an anticipated wave of new bank failures.[7]
[edit] List of bank failures in 2008[1]
Douglass National Bank, Kansas City, MO. Failed on January 25, 2008 Hume Bank, Hume, MO. Failed on March 7, 2008 ANB Financial, NA, Bentonville, AR. Failed on May 9, 2008 First Integrity Bank, NA, Staples, MN. Failed on May 30, 2008 IndyMac Bank, Pasadena, CA. Failed on July 11, 2008 First National Bank of Nevada, Reno, NV. Failed on July 25, 2008 First Heritage Bank, NA, Newport Beach, CA. Failed on July 25, 2008 First Priority Bank, Bradenton, FL. Failed on August 1, 2008 The Columbian Bank and Trust Company, Topeka, KS. Failed on August 22, 2008 Integrity Bancshares Inc., Alpharetta, GA. Failed on August 29, 2008 Silver State Bank, Henderson, NV. Failed on September 5, 2008
Guesse how we are fixing this? Print more money.
http://en.wikipedia.org/wiki/Federal_Reserve
Fuck you Orion.