To get an idea of which banks might fail next there's something called the Texas ratio. It's the amount of liabilities divided by the cash on hand a bank has as well as money set aside to cover liabilities. Check out the article at the link and scan down the page for a listing of banks that might be in trouble. Banks until recently guarded this info like a national security issue.
Banks to watch
Update: If you are curious as to how banks are doing and which ones are troubled check out:
Implode o meter
It shows some of the extent of the damage.
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1 comment:
Interesting to know.
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