Sunday, July 20, 2008

Watch out for these banks

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.

1 comment:

Saffron said...

Interesting to know.