What is going on with banks?

[deadheadharry]

Any word on WaMu or anyone else? I haven't seen anything on GIM, about a bank going under or being bought out this weekend, which scares me. Any word on anything?

[elroy]

Oh come on, did you think the weekend would go by without another bank failure?

I wouldn't want you to be disappointed so here you go.

http://money.cnn.com/2008/09/19/news/companies/ameribank_closure/index.htm?postversion=2008091920

just the beginning of the article
12th bank failure of the year announced
Regulators close down Ameribank Inc., a West Virginia-based-bank with total assets of $115 million.

By Catherine Clifford, CNNMoney.com staff writer
Last Updated: September 19, 2008: 8:48 PM EDT

NEW YORK (CNNMoney.com) -- Ameribank Inc. was shut down on Friday by the Office of the Thrift Supervision, making it the 12th bank this year to go under.

The Northfork, West Virginia bank had total assets of $115 million and total deposits of $102 million, according to a statement on the Federal Deposit Insurance Corporation Web site. .......

[deadheadharry]

Where are the rest of them!?! I want to see BILLIONS out the window!

[Drumblebum]

Where are the rest of them!?! I want to see BILLIONS out the window!


LOL!!:emotions16::emotions16:

There won't be anymore failures... alas, the goobermint is ON DA CASE!!

We are saved and life will be back to normal when your alarm goes off Monday morning!

[latitude22]

Who knows what protocol will be after the bail out plan. The FDIC, might be out of the loup, the feds may just give them a blank check take the bad debt, give them some back on their feet money and we'll never hear a word about it.

[optionT]

It feels like the eve of The Depression. All the banks will fall in the next few days. May God have mercy on our souls.

[TechGuy]

It feels like the eve of The Depression. All the banks will fall in the next few days. May God have mercy on our souls.

I doubt seriously that any of the big banks will fail at this point, given that congress approves the new and improved RTC.

Once the banks are able to put all of their bad debt on the public's balance sheet, why would they fail??????

[cigarlover]

Nope banks wont fail but taxpayers will.. LOL. Wait till you see the bill for this.

[deadheadharry]

So what will happen here? Are they just going to not tell us when they add debt? Or will the news/internet be like, WaMu moved all its bad debt of XXX to the huge fund, and everything is alright.

[mayhem]

Who knows what protocol will be after the bail out plan. The FDIC, might be out of the loup, the feds may just give them a blank check take the bad debt, give them some back on their feet money and we'll never hear a word about it.

Up kinda late there John..