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Roberm73
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Sounds like the FDIC is saying we are going down the tubes and at an increasing pace.
Aug 27 10:31 am
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All Comments by Roberm73 »FDIC releases Q2 stats: 'Problem banks' jumped to 416 from 305 in Q1, the highest in 15 years. Deposit insurance fund fell to $10.4B from $13B in Q1 (protecting more than $4.5T). Bank loan loss provisions rose to $66.9B from $60.8B. U.S. banking industry had a net loss of $3.7B from profit of $7.6B in Q1. [View news story]