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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (41436)	11/22/2010 11:27:30 PM
From: Wayners	1 Recommendation Respond to of 103300

We are done as a nation. X-Ray body scanners in airports and the liklihood of being killed by honey bees or a shark is higher, yet the following: A report released Monday by the Energy Department's Office of Inspector General found 16 alcohol-related incidents between 2007 and 2009 involving personnel with the National Nuclear Security Administration's Office of Surface Transportation (OST). About 600 OST agents are responsible for safely transporting or shipping nuclear weapons and other materials across the country.

To: John who wrote (41436)	11/23/2010 3:17:53 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S&L crisis) resulted in the failure of 747 savings and loan associations (S&Ls aka thrifts) in the United States. en.wikipedia.org ------------------------------------------------------- The financial crisis of 2007 to the present (considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.[2] ( reuters.com ) Has yet to reach that high-water mark: Bank Failures Reach 149 in 2010, Totaling 314 Since End of 2007 By Richard Suttmeier Nov 22, 2010 8:40 am The FDIC closed three more community banks last Friday. There are now 22 failures so far in the fourth quarter. Minyanville minyanville.com ...Bank Failure Friday -- The FDIC closed three more community banks last Friday. The total number of failures for 2010 is now 149 on the way to my predicted range of 150 to 200 for 2010. There are now 22 failures so far in the fourth quarter. The FDIC Deposit Insurance Fund has now been drained by $2.4 billion in the fourth quarter to date, which brings the DIF deficit to an estimated $20.0 billion. The FDIC has already burned through the assessments for 2010. The assessments for 2011 and 2012 have been pre-paid at $15.33 billion per year. During “The Great Credit Crunch” the FDIC only closed 25 banks during all of 2008. In 2009 the FDIC picked up the pace with 140 bank failures with a peak of 50 in the third quarter of 2009. So far in 2010 the FDIC closed 41 banks in the first quarter, another 45 in the second quarter, 41 for the third quarter and 22 for the fourth quarter for a total of 149 year to date. The total for “The Great Credit Crunch” is up to 314 continuing its path to my predicted 500 to 800 by the end of 2012 into 2013. The three failed banks last Friday had extreme overexposures to C&D and CRE loans. C&D exposures for the three overexposed were between 280% and 1410% versus the 100% regulatory guideline. The CRE exposures were between 883% and 2672% versus the 300% of risk-based capital regulatory guideline. The CRE loan pipelines were between 93% and 99% funded versus a healthy pipeline of 60%. Two of the closed banks were publicly traded and were on the ValuEngine List of Problem Banks.... ------------------------------------------------------ Combined bank and savings and loan failures in the current financial crisis (2007 to summer 2010): en.wikipedia.org NOTE for S&Ls: The National Credit Union Administration (NCUA) does not have a table of failed credit unions prior to 2009. A list of credit unions which failed between 2009 - 2010 can be found at ncua.gov . For failed credit unions prior to 2009 please refer to press releases regarding failed credit unions at ncua.gov -------------------------------------------------------- FDIC Bank Failures By Barry Ritholtz - November 14th, 2010, 6:00PM ritholtz.com Our weekly look at bank failures, courtesy of The Chart Store: --------------------------------------------------------- Re: [Buddy wrote: This latest financial crash will have to run on for very much longer to ever hope of exceeding that high water mark.] "Please define 'very much longer'." Sure thing, John! Just extrapolating from the latest charts, (or if we accept the estimate put forward by Minyanville), it looks like the financial crisis will have to continue percolating along (weak banks, mostly tiny ones now, finally sinking beneath the waves and being seized by the F.D.I.C. and then sold off) until around 2012 or 2013 before the number of failed financial institutions finally exceeds the number of failures from the Reagan/Bush era Savings and Loan Crisis....