Banks that will fail next: A list.

[aphexmandelbrot]

Here are the next banks to fail.

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100 * ((Non-performing Assets - U.S guaranteed loans) + Other REO) / (Equity + Loss Reserves)

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“Developed by Gerard Cassidy, the Texas ratio is a measure of a bank's credit troubles. Basically, the higher the ratio, the worse the situation is for that particular bank. Banks with a ratio of 100 and higher are in

Comments

[sarahbrand]

Is it just me, or are a disproportionate number of those banks in the Southeast? Georgia and Florida, particularly.

[aphexmandelbrot]

A large number of them seem to be in areas where the bank would be most at risk for making poor choices with their money.

- Housing boom of ATL/Cumming(ba-dum-ching)/Surrounding GA area
- Condo-sand-dunes of FL
- A few out west where the prices got redunkulously inflated
- A few "we're close to the gold so we're better" breadbasket banks.

Could just be me thinking out my butt, though.