We’re All Doomed
Bank Lawyer’s Blog:
Last November we asked, “Will The Be A Bank Implode-O-Meter?” In January, we received our answer and it was “Yes.”
If you haven’t checked it out, you should do so. Although commercial and investment bank failures haven’t exactly skyrocketed and approached the lofty heights of failure scaled by the independent mortgage company industry segment, we’re still working our way through the liquidity and credit mess, so there’s time to add names to the list. As that happens (if it happens), all those liquidators and troubled bank workout specialists that the FDIC brought out of retirement and stuck in Dallas will have a lot more to do.
The banks listed aren’t merely those who’ve gone out of business, however. As the site explains, the term “imploded” is used more expansively.
The “imploded” list contains banks which have gone through some sort of
permanent adverse change. This of course includes regulator-declared…