History of United States Bank Failures.

by djermano | September 26, 2008 at 06:55 am

2816 views | 10 Recommendations | 10 comments

The International Institute of Nonviolence

News&Opinion

By: Rev. Jermano

Hello Folks.....and another one bites the dust.. Washington Mutual with 307 billion of junk assets is the biggest to kick the bucket as the Feds shut them down, having JP Morgan acquire it for 1.9 billion. And you know what's pathetic? We have a war called the war on terror that is going on....and soldiers are fighting for a bankrupt country! Hey but let's keep lying and keep the morale up right?

The domino's are rolling now....and this has been happening long before. Continental Illinois collapsed in 1984 with a total of 40 billion in debt..

IndyMac, with assets of $32.01 billion and deposits of $19.06 billion, is the fifth bank to fail this year. Between 2005 and 2007, only three banks failed. And in the past 15 years, the FDIC has taken over 127 banks with combined assets of $22 billion, according to FDIC records.

Looks like a good reason to have the secret inside US government to be so angry to orchestrate and do 911, blame outside terrorists and hope for the best...with their impending 700 billion scam to the american taxpayers.

http://money.cnn.com/2008/07/11/news/companies/indymac_fdic/index.htm?postversion=2008071120

http://abcnews.go.com/Business/story?id=5889501&page=1

Here is a run down of 10 of the biggest bank failures not mentioned in this latest row of the 700 billion bailout......I wonder who is picking the tab up for these bank jobs?

1. Continental Illinois National Bank and Trust, Chicago (1984)
Total assets: $40.0 billion

2. First Republic Bank, Dallas (1988)
Total assets: $32.5 billion

3. American S&LA, Stockton, Calif. (1988)
Total assets: $30.2 billion

4. Bank of New England, Boston (1991)
Total assets: $21.7 billion

5. MCorp, Dallas (1989)
Total assets: $18.5 billion

6. Gibraltar Savings, Simi Valley, Calif. (1989)
Total assets: $15.1 billion

7. First City Bancorporation, Houston (1988)
Total assets: $13.0 billion

8. Homefed Bank, San Diego (1992)
Total assets: $12.2 billion

9. Southeast Bank, Miami (1991)
Total assets: $11.0 billion

10. Goldome, Buffalo (1991)
Total assets: $9.9 billion

Source: Federal Deposit Insurance Corp.

In 1989, 534 banks closed their doors. Who picked up that tab? I don't even recall hearing about it in the News. It was on Bush Seniors watch 1989 to 1993. Bush Sr. is credited with about 1,015 bank collapses. That would include Johnnie McCains Keating 5 swindle that he had nothing to do with.

Ronald Reagan had 2,036 bank failures during his term..1981 to 1989 in office.

No wonder they were trading arms for hostages, because they had no money..And yet they credit this guy in reversing so call Jimmy Carters failed term?

Jimmy Carter was President during 1977 to 1981 estimated about less than 70 bank failures....and

Bill Clinton served from 1993 to 2001. Remember he inherited Reagans and Bush's huge Bank Failure fiasco's. Bill had about 900 failures.

I see the picture very clearly now. Republicans always make us lose money and drive the economy into the dirt....and Democrats uplift peoples lives. This clearly shows the history of Republican Leadership Economic Management Failures. There's No if and's or but's about it.

Bank closure histories:

2000-2007: 32
1990-1999: 925
1980-1989: 2,036
1970-1979: 79
1960-1969: 44
1950-1959: 28
1940-1949: 99
1934-1939: 312
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT September 25, 2008 September 25, 2008 Ameribank, Northfork, WV September 19, 2008 September 19, 2008 Silver State Bank, Henderson, NV
En Español September 5, 2008 September 5, 2008 Integrity Bank, Alpharetta, GA August 29, 2008 August 29, 2008 The Columbian Bank and Trust, Topeka, KS August 22, 2008 August 22, 2008 First Priority Bank, Bradenton, FL August 1, 2008 August 1, 2008 First Heritage Bank, NA, Newport Beach, CA July 25, 2008 July 25, 2008 First National Bank of Nevada, Reno, NV July 25, 2008 July 25, 2008 IndyMac Bank, Pasadena, CA July 11, 2008 July 11, 2008 First Integrity Bank, NA, Staples, MN May 30, 2008 July 25, 2008 ANB Financial, NA, Bentonville, AR May 9, 2008 July 25, 2008 Hume Bank, Hume, MO March 7, 2008 July 25, 2008 Douglass National Bank, Kansas City, MO January 25, 2008 July 25, 2008 Miami Valley Bank, Lakeview, OH October 4, 2007 July 25, 2008 NetBank, Alpharetta, GA September 28, 2007 July 25, 2008 Metropolitan Savings Bank, Pittsburgh, PA February 2, 2007 July 25, 2008 Bank of Ephraim, Ephraim, UT June 25, 2004 April 9, 2008 Reliance Bank, White Plains, NY March 19, 2004 April 9, 2008 Guaranty National Bank of Tallahassee, Tallahassee, FL March 12, 2004 July 25, 2008 Dollar Savings Bank, Newark, NJ February 14, 2004 April 9, 2008 Pulaski Savings Bank, Philadelphia, PA November 14, 2003 July 22, 2005 The First National Bank of Blanchardville,
Blanchardville, WI May 9, 2003 July 25, 2008 Southern Pacific Bank, Torrance, CA February 7, 2003 July 25, 2008 The Farmers Bank of Cheneyville, Cheneyville, LA December 17, 2002 October 20, 2004 The Bank of Alamo, Alamo, TN November 8, 2002 March 18, 2005 AmTrade International Bank of Georgia, Atlanta, GA
En Español September 30, 2002 September 11, 2006 Universal Federal Savings Bank, Chicago, IL June 27, 2002 April 9, 2008 Connecticut Bank of Commerce, Stamford, CT June 26, 2002 July 25, 2008 New Century Bank, Shelby Township, MI March 28, 2002 March 18, 2005 Net 1st National Bank, Boca Raton, FL March 1, 2002 April 9, 2008 NextBank, N.A., Phoenix, AZ February 7, 2002 July 25, 2008 Oakwood Deposit Bank Company, Oakwood, OH February 1, 2002 July 25, 2008 Bank of Sierra Blanca, Sierra Blanca, TX January 18, 2002 November 6, 2003 Hamilton Bank, N.A., Miami, FL
En Español January 11, 2002 July 25, 2008 Sinclair National Bank, Gravette, AR September 7, 2001 February 10, 2004 Superior Bank, FSB, Hinsdale, IL July 27, 2001 July 25, 2008 The Malta National Bank, Malta, OH May 3, 2001 November 18, 2002 First Alliance Bank & Trust Company, Manchester, NH February 2, 2001 February 18, 2003 National State Bank of Metropolis, Metropolis, IL December 14, 2000 March 17, 2005 Bank of Honolulu, Honolulu, HI October 13, 2000 March 17, 2005

http://www.fdic.gov/bank/individual/failed/banklist.html Rev.

http://abcnews.go.com/Business/story?id=5889501&page=1

Rev. Jermano

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bill hicks

at 07:10 on September 26th, 2008

WaMu was miss run and the execs were corrupt. So it is long overdue. We should clean out all the trash.

Uwe Paschen

at 07:14 on September 26th, 2008

As just about every thing else in the G8!

Uwe Paschen

flagged this story as Good Stuff

at 07:11 on September 26th, 2008

djermano, I like this story. It's good stuff.

djermano

at 07:40 on September 26th, 2008

Thanks Pashen for the checker flag. Much appreciate it.

Rev. Jermano

Erik Larson

flagged this story as Good Stuff

at 13:27 on October 18th, 2008

djermano, I like this story. It's good stuff.

djermano

at 17:50 on October 18th, 2008

Erik thank you for the GS....

Rev. Jermano

djermano

at 16:00 on December 1st, 2008

Here GW Bush admits that previous administrations caused the trouble... While they knew they were deceiving everyone. Enron was about lies to its worth....as Worldcom....and Sanford I Weills. and the Republicans during Bush certainly applauded Bill Clinton for repealing Glass-Seagull. This is further proof of the failed Republican Party. Huksters at their best...

http://news.yahoo.com/s/ap/20081201/ap_on_go_pr_wh/bush_interview

Jermano

djermano

at 22:40 on January 15th, 2009

Bank of America in the handout.....on failed Merrill Lynch..

http://news.yahoo.com/s/nm/20090116/bs_nm/us_bankofamerica_bailout...

Rev.

kingpaddy

at 00:49 on February 2nd, 2009

Bill Clinton signed legislation in 1998 alowing banks to leverage their deposits 12-1. For every $1000 in deposits $12,000 could be loaned. This was first Banned in 1930 when we had the largest number of bank failures ever. In 2000 legislation crafted by Rove was signed by Bush to give banks protection from state audits and opened the laws that allowed people to have lines of credit far larger than they could reasonalbly pay back. Bankrupsy laws were changed to make it very difficult for a soul to get relief. This is true today and law will come for you.

The Federal Reserve cut off the Credit on September 15, 2008. The Federal reserve was created in 1913 when congress abbrogated their responibilty to manage our treasury system.

The Federal Reserve is neither Federal or has reserves. It was created by John D. Rockefeller with other American and European banking families. Rockefeller was angry that his mines were unionized in 1910 leading to the 1910 slaughter of strikers and their families. Also the anti-trust laws stopped him from crushing his competition.

They let credit an easy thing to get and were very involved in financing WW I, the "Roaring Twenties" was just such a expansion of credit 15-1. They cleaned up during the depression. They were involved in financing Hitler with Prescott Bush (later Senator) was charged with trading with the enemy. Standard Oil was filling U-Boats in the Bahamas until 1944. The same banks helped loan money to rebuld europe.

Same old trick. Nothing new under the sun. Just look up who sits on the Federal Reserve. 12 banks. Look and see what companies they sit on, as the board of directors. Invest in the companies they own. This has caused loss of life and justice must be served. One quadrillion dollars in debt. I am sure the word quadrillion has never been used with money before.

Most interesting is that the delay in the bailout funds lead to the banks having to selling their oil and corn futures and the prices crashed. They are buying futures now with our money and gas and oil goes up. Corn has jumped 8 fold last two months. Using our money to drive the prices up on the things we need to have healthy families is a CRIME. They do no care about us other than workers. It is time we do something to get out fredoms back.

Paddy

djermano

at 05:45 on July 26th, 2009

My recent email letter to an American in the USA reflecting the times we are living in...

and thanks Paddy.

Hello Jay, thanks for your email....And comments... I have had 2nd thoughts on revealing my monopole magnet on video or youtube....because people can look at it and literally steal my idea. They may have more money and connections than I to make the claim it is theirs. And besides that why should I reveal a discovery, when our country is under control by murderers. It is happening.....I will get a chinese patent first...before I give it to those lying murdering fucks. Jay the 911 on the WTC was an inside job... There is no doubt in my mind... And I am not just talking about the WTC...incase you have forgotten Bldg 7? It was demolished as well. It was Rudy Guiliani's OEM Headquarters, bunker.. OEM: Office of Emergency Management.. It was the offices to the Secret Service, the FBI, and the SEC...Security Exchange Commission....which had the archives to evidence on insider trader Wall Street scams steming from Enron to Worldcom to Harken Energy.... They did not have an investigation for nearly two years after the attack...meaning they were sitting on it and delaying it.....while also getting rid of the steel and evidence selling it to China so they could build their Olympic Stadium the birds nest. in time for the 2008 Olympics. When they did finally come around to do the 911 Commission Report....they mentioned nothing about the OEM in Bldg 7 collapsing.. Why is that? How could they forget to mention that bit of information? It was the freaking headquarters for for crying out loud.... Larry Silverstein had the building pulled....8 hours after the WTC collapsed... Get this.... Hero Mayor Guiliani was not even in his terror proof bunker the entire day. This building was made to serve as a base of operations.....but Guiliani was running around trying to setup an alternative base? What the hell....the SOB knew........and he was directing the sequence of events. Some fucking brave hero? A guy who knows before hand what is going on...hardly is a sign of bravery....He knew...because he was orchestrating it. Notice how none of the Firefighters and many police radios were not working. They didn;t buy them new radio's because if they did, they could pickup the relay signals Rudy was giving to have the N. Tower imploded. Those f'ers brought down the S. Tower first....even though that was hit by the 2nd plane. Why would the S. Tower fall first? The N. Tower was burning before the 2nd plane came on the scene. They brought down the S. Tower first because that is where all the Gold and money was stashed below it..... it took about 30 minutes for the major dust to settle for Guiliani to see that tunnel exits were not blocked, to put into operation the bank heist. When he saw the exits open he gave the go ahead for the N. Tower to come tumbling down. This added more of a disaster, and people focused on the N. Tower now, so they could get the money out from below the S. Tower. When they were finished, they then demolished the OEM bldg. 7 headquarters which was ultimately their staging area which they had to destroy all traces, and evidence. Next to the WTC is bldg. 4, 5, 6, which stood in front of bldg 7,.....yet those bldgs. did not collapse. How is it that bldg 7 collapses when it was further away, and was not in the falling debris path like 4,5,and 6? These fuckers did plan the attack no doubt in my mind. Jay. SIlverstien and the New York State Port Authority and the City of New York...knew the WTC was packed full of asbestos... They used asbestos for construction material in those days before they knew it was a major cancer causing problem... They estimated it would cost more to literally take it out of the building via rennovation,,, than the building is worth in trying to sell....So they came up with the phoney war on terror... Silverstein leased the building put terror proof insurance on it, bought through GW Bush's Marvin Bush's Insurance Company. Also the WTC had its security contract with another phoney Bush operation through Securecom which also had the security contract with the airport near the Pentagon.....where to this day they can not prove flight 77 hit the pentagon. Those planes have two big engines on both sides which would have 2 sizable holes in the structural damage on the outside of the Pentagon. Yet there is only one small hole about five feet in diameter, the same size as a missle, probably fired from a parked tractor trailer rig at the airport. The light poles could have easily had pre charges set to make the lightpoles fall to cooraborate the wing theory hitting the poles. Coincidence that the very area hit was just finishing up renovation project on the Pentagon? Bullshit.....it gave them the chance to plant aircraft landing wheels inside to support the story that flight 77 hit the pentagon. They do everything they can to obstruct investigations proving in my mind they are the ones who committed the attack....not Saddam, not binLadin.... Chirst Jay....I remember them saying on TV it was binLadin who did before the WTC S. Tower collapsed. How the hell would they know such information so quickly? Impossible. Jay as you know I left the USA right after 911 happened...because I know these fuckers to well....that they saw the opportunity to kill Americans to blame foreign terrorists for their profits.....and now the failed economy...... Which I will tell you Jay will not get any better. Even with Obama's stimulus it will not do much because it puts the US in its heaviest mountain of debt in US history...With the 700 billion bank bailout.....the fucking CEO bonus's, now Obama's 819 Billion stimulus, the war debt which is 2 trillion and counting, leaves a whopping 4 trillion and tracking....because Obama refuses to end the war in Iraq, and wants to esculate operations in Afghanistan. He is a fraud and lying fuck like the rest of them. The Republicans made him....and don't believe the sideshow McCain was orchestrating on the people. They told Obama we will make you the first black President. You will be famous and mark US history...but the deal is he makes no waves about 911 and ending the war on terror. So far Uncle Tom Obama has kept his que..by reappointing Gates as Defense Secretary and re-nigging on his Campaign rhetoric. He paraded around the country saying how he didn't vote for the War, and how he was going to end it....but what does he do? He plays the bi-partisan bullshit game....which can't work.....because Bush didn't work. Everyone knows this. The mainstream media won't talk about it. Even Bill Clinton is in on this fiasco. How is he? He has close ties to Citigruop the fuckers who helped the scamming for Enron. He was friends to Sandy I Weills the top CEO of CItigroup who convinced Bill Clinton to repeal the Glass-Steagall Act,....which deregulated the banking industry responsibilities..This created the Enron loophole...which forced fuel prices through the roof. I think the people in the US are wising up to the fact that really this financial meltdown really stems from 911, and MIC.. Military Industrial Complex. When they trade it helps the guys running the Big Corporations to make more profits for their war machine. So private big banks and the public are staying out of the Stock Market. President Eisenhower warned us of the MIC, as JFK did as well.....and apparantly the Rethugs in office now did not want to listen....it surely is making the Republicans a regional party....if not a defunct-defacto one. We want to end the MIC control on the world...because they only want to kill innocent people....and make us live in fear to them....Don't count me in as fearing them. How can it mean poverty to them by staying out of the Stock Market? They loss so much money from Enron, Worldcom, and there is an extensive list of failures to include mom and pops KMart. Add Bernie Madoff, and a host of other ponzi-scheme operators....tells people to stay literally away from the Stock Market. Madoff was one of the SEC guys....and there is no trust. People are better off going to Vegas to win the slot the machines...while knowing the odds still are against them, because money inflow favors the owners of the Houses of Gamblers, is better odds than Wall Street has to offer. Yeah Jay.. I have had 2nd thoughts on revealing my ideas to the American Government, and I am currently pursuing citizenship of China. None of the bullshit by the US side will convince me they have any integrity in the business world...or the security of Americans. They have killed the very idea America is a light to the world. In fact I never want anyone to call me an American, or remind me of the hell hole I came from. http://my.nowpublic.com/world/obama-approves-order-kill-innocent-people-iraq-vet-testifies... Good luck on your energy creation.....you are going to need it. Rev.