Thursday, October 1, 2009

Banks are still toxic

You Have No Clue How Bad Bank Balance Sheets Really Are

The US government’s latest list of “problem” banks, ran to 416 lenders, a 15-year high, as of June 30. One outfit not on the list was Georgian Bank, the second-largest Atlanta-based bank, which supposedly had plenty of capital. It failed last week....and ..Georgian’s clean-up will be unusually costly.

Posted by mountain goat @ 11:24 PM (609 views)
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