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Justin
My head implode


Joined: 17 May 2006
Posts: 493
Location: Atlanta

The Bank Implode-O-Meter
PostPosted: Fri Dec 14, 2007 11:08 pm Reply with quoteBack to top

We all knew it would come to this: the end game of modern banking. The Bank Implode-O-Meter (http://bankimplode.com) will be tracking this end game and this forum will serve as a discussion place for all who want to watch and discuss as the trainwreck unfolds.

Welcome!

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Justin @ Justin Owings dot Com @ The Mortgage Lender Implode-O-Meter
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John
Cherry Bomb


Joined: 11 Oct 2007
Posts: 174
Location: Behind the Orange Curtain

Re: The Bank Implode-O-Meter
PostPosted: Tue Dec 18, 2007 12:53 am Reply with quoteBack to top

Good to be here. I'll be making popcorn for anyone who wants to watch the fireworks. Make sure you bring a comfy chair and some blankets, as we're going to be here for a long time. There's a lot to see.

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My sources are unreliable, but their information is fascinating.

Virtue is often the result of insufficient temptation
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icenvegas
Schumpeter Reincarnate


Joined: 22 Nov 2007
Posts: 3896
Location: Las Vegas

Re: The Bank Implode-O-Meter
PostPosted: Wed Dec 19, 2007 5:12 pm Reply with quoteBack to top

whats the difference between this, and mortgages? after all, it was mortgages that brought about the end of banking....

I'm gonna be honest.. I have an uncle, he's a VP at Citi (computer programmer). Mr. Know it all, and there's a part of me that wants to see Citi go under, just so he can kiss my hairy white ass...
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UghMortgageBiz
Spontaneously Combusted


Joined: 12 Mar 2007
Posts: 2099

Re: The Bank Implode-O-Meter
PostPosted: Thu Dec 20, 2007 4:04 am Reply with quoteBack to top

Did I need to know your ass was hairy?
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salemprestamos
Cherry Bomb


Joined: 14 Nov 2007
Posts: 109
Location: Salem, Or

Re: The Bank Implode-O-Meter
PostPosted: Sun Dec 23, 2007 3:21 am Reply with quoteBack to top

It will be interesting to see which large bank implode.

_________________
"There's an old saying in Tennessee—I know it's in Texas, probably in Tennessee—that says, fool me once, shame on—shame on you. Fool me—you can't get fooled again." -—Nashville, Tenn., Sept. 17, 2002
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Hackney71
C-4


Joined: 08 Nov 2007
Posts: 1260
Location: Nashville

Re: The Bank Implode-O-Meter
PostPosted: Wed Feb 20, 2008 4:02 pm Reply with quoteBack to top

I would like a bit of clarification here:

Are we using this "Bank implod-o-meter" for "Mortgage Banks" or FDIC insured Deposit Banks???

I, assume, that we are talking FDIC INSURED Deposit Banks...

Like these Headlines:



Quote:
Douglass is the first FDIC-insured bank to fail this year in the United States


NetBank-

Miami Valley- Miami Valley Bank of Quincy, OH, which was closed down by the Ohio Superintendent of Financial Institutions back in October.

Quote:
FDIC data indicate that as of Sept. 30, there were 65 institutions with assets of $18.5 billion on its list of "problem" institutions. Barr would not elaborate on their sizes. Nor will the FDIC name the institutions.

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Implode-O-Premium Moderator
everyone can't be on welfare
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Aaron
A-Bomb


Joined: 24 Jan 2007
Posts: 824
Location: Atlanta, GA

Re: The Bank Implode-O-Meter
PostPosted: Wed Feb 20, 2008 9:12 pm Reply with quoteBack to top

We aren't tracking mortgage banks in specific, no. All banks.

Nearly all deposits are FDIC insured. Not all failures, however, are FDIC takeovers. For example Coast Bank ended through a firesale buyout.

-Aaron
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