Thread: FDIC: 903 U.S. Banks in Trouble, What to do …

FDIC: 903 U.S. Banks in Trouble, What to do …

Stock-Markets / Credit Crisis 2010 Nov 22, 2010 - 08:48 AM

By: Martin_D_Weiss

Martin here with an urgent update on the next phase of the banking crisis.

Just this past Friday, the government released new data showing that the FDIC’s list of “problem banksâ€

Banks can't recover during an economic collapse no matter how much Fed money you pump into them. They need deposits from viable businesses into commercial business accounts and from workers depositing payroll checks into checking and savings accounts and both buying long term CD's.

There's no way to save the banks in our country without reversing the policies that put them in the tank to begin with. It wasn't their loans that screwed them, it was the drop in earned income deposits from their banking customers.