FDIC’s “Problem Bank” List Grows to 252
On Thursday the Federal Deposit Insurance Corporation (FDIC) announced that their list of troubled banks increased from 171 to 252 in the last three months of 2008 — the largest total since the middle of 1995.
While many consumers would love to get their hands on this list, Federal officials — realizing the potential for disaster — do not release this information to the public. Revealing such information could cause consumers to panic, likely resulting in a run on bank deposits — similar to what happened at IndyMac.
