Today is all DNC, all of the time to the point one is about to get absolutely nauseated listening to these 24/7 Cable pundit talking heads rambling on like Charlie Brown's teacher ...
so it's a very good time to release some bad news right?
The FDIC reports:
117 banks and thrifts were considered to be in trouble in the second quarter, up from 90 in the prior quarter and the biggest tally since mid-2003.
of course hidden further IndyMac will cost more:
The Federal Deposit Insurance Corp said on Tuesday it now expects IndyMac's failure in July to cost its insurance fund $8.9 billion, compared with the previous expected range of $4 billion to $8 billion
Another tasty treat: 34% of Georgia Banks are unprofitable
Bank profits plunge, down 86%. note to find a detailed report I had to go to China news!
Commercial banks and savings institutions insured by the U.S. federal government recorded net income of only 5 billion U.S. dollars in the second quarter of 2008, down by 86.5 percent from the year-ago level
Happy mindless convention coverage!