The Washington Independent

Posts Tagged bank failures

Bank Failures, Graphically

By | 06.21.10 | 5:17 pm

Mint has an amazing graphic of bank failures during the recession. The big early failures include IndyMac and Lehman Brothers. Then dozens of smaller banks fall apart in 2009 and 2010, unable to weather the credit crunch, rise of consumer defaults and foreclosure crisis.

Geithner Offers Irrelevant Solution to Coming Commercial Real Estate Crisis

By | 03.30.10 | 11:33 am

Elizabeth Warren warned in February that commercial real estate was the next recovery-killer, and since nothing improved by March, Tim Geithner yesterday took to CNBC to acknowledge the problem with commercial real estate and push the administration’s program to incentivize small banks to lend to small More…

Zombie Subdivisions and Shadow Inventories Hold Back Housing Recovery

By | 08.11.09 | 9:23 am

Via Michael Shedlock, The Atlanta Journal-Constitution reviews the growing problem of zombie subdivisions, those half-built developments you often see from a highway. Developers broke ground for these subdivisions near the end of the housing boom, and abandoned them when the mortgage crisis hit and financing dried up. Now More…

FDIC Strapped Because It Quit Collecting Premiums in Good Times

By | 03.11.09 | 5:41 pm

Did you ever do something that, with the benefit of  hindsight, seemed really, really stupid and you wondered what exactly you were thinking at the time?

Imagine how the Federal Deposit Insurance Corporation must feel these days. The same agency that now says it needs to borrow $500 billion in More…

Citigroup a ‘Black Hole’ that Requires Nationalization

By | 02.23.09 | 9:02 am

A year ago, blogger Michael Shedlock pronounced Citigroup insolvent. No one paid much attention then, but Shedlock never wavered.

Now the U.S. government is in talks to significantly expand its ownership of Citi, the Wall Street Journal reports. And Shedlock, who writes the widely read Mish’s Global Economic More…

Bank Failure Day and Wall Street Paranoia

By | 01.23.09 | 4:11 pm

It’s Friday, which means the government is likely to announce the latest round of bank failures in the late afternoon. Calculated Risk expects commercial real estate to implode in 2009, meaning lots of small and regional banks may go under. So there’s something to look forward to.