Problem Bank list FDIC 2/26/09 February 26, 2009

Today, 2/26/09, the FDIC released a list of data on the problem banks in the USA. Below are some facts about the 4th quarter of 2008 regarding the banks. Keep in mind, the actual problem bank list is not published and is kept private to avoid a " run on the bank."

• 252 Banking are on the problem bank list issued by the FDIC
• Up 32% from 3rd Quarter where there were 171 Banks on the list
• Banking Sector took record loss of 26.2 Billion in the 4th Quarter
• 25 Banks failed in 2008
• 14 Banks have already failed in 2009

The Stock Market has taken a dip on this news, the Dow Jones is trading around the 7286 closing low of 2002.

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