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Broken Banks

The credit crisis is driving more U.S. banks closer to the brink of failure and putting more stress on the Federal Deposit Insurance Corporation (FDIC). As NBR Washington bureau chief Darren Gersh reports, the FDIC may soon have no choice but to change the way it charges banks for insurance.



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Problem Banks

Related NBR Stories & Links

• 08-11-08: "Money File" - The FDIC Rules
• 07-25-08: FDIC Chairman Sheila Bair Forecasts the Future of Financials
• 07-14-08: Richard Bove, Banking Analyst at Ladenburg Thalmann Examines Freddie Mac, Fannie Mae & IndyMac
• 06-23-08: Ways Regional Banks are Raising Capital

External/Links Articles*

• Federal Deposit Insurance Corporation (FDIC)
  The FDIC "protects the first $100,000 of deposits that are payable in the United States." This links to the FDIC press release from August 26, 2008 titled, "Insured Bank and Thrift Earnings Fell to $5.0 Billion in the Second Quarter."
• FDIC - Failed Banks
  This links to information the FDIC website offers about failed banks, including how accounts are affected when a bank fails.
• Federal Reserve Bank of New York
  This links to a July 2000 article published in the New York Fed's "Economic Policy Review." The article is titled, "Capital Ratios as Predictors of Bank Failure."
• Institutional Risk Analytics
  Institutional Risk Analytics is . The company's managing director, Christopher Whalen, is interviewed in Darren Gersh's report. This links to "The Institutional Risk Analyst," an online newsletter published by the company and edited by Whalen.
• Stanford Group Company (PDF Document)
  The Stanford Group Company is a financial advisory firm headquartered in Houston, Texas. One of the company's policy analysts, Jaret Seiberg, is interviwed in Darren Gersh's report. This links to a bio of Seiberg.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.