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Dan.Linehan · 09-26-2008, 10:45 PM

$700B. is the bailout amount.

This is the list of Sedecca's "Dead Banks Walking" and their assets.

Zions Bancorp (ZION)
$45B.
KeyCorp (KEY)
$100B.
Fifth Third Bank (FITB)
$111B.
Washington Mutual ***Already Failed***
Assets = $330B. ***Sold for $1.9B. *** --> 5.7% of alleged value.
National City
$150B.
Regions Financial
$144B.
General Motor/GMAC (GM)
$5B.
Ford/Ford Motor Credit Co. (F)
$3B.
Wachovia (WB)
$783B.
CIT Group (CIT)
$90B.

Total, there are $1431B. in assets between these banks.

Considering a 10% liquidation rate (which seems high when we look at WaMu's 5.7% sell-off) - We have $1287B. remaining in bad debt. Money that can't be paid back.

These are just the ones Sedecca considers almost certain to fail. This is not including several other "risky" banks.

09-26-2008, 10:45 PM	#106 (permalink)
Dan.Linehan Family Member Join Date: Oct 2006 Location: San Rafael, CA Posts: 4,896	$700B. is the bailout amount. This is the list of Sedecca's "Dead Banks Walking" and their assets. Zions Bancorp (ZION) $45B. KeyCorp (KEY) $100B. Fifth Third Bank (FITB) $111B. Washington Mutual *Already Failed* Assets = $330B. *Sold for $1.9B. * --> 5.7% of alleged value. National City $150B. Regions Financial $144B. General Motor/GMAC (GM) $5B. Ford/Ford Motor Credit Co. (F) $3B. Wachovia (WB) $783B. CIT Group (CIT) $90B. Total, there are $1431B. in assets between these banks. Considering a 10% liquidation rate (which seems high when we look at WaMu's 5.7% sell-off) - We have $1287B. remaining in bad debt. Money that can't be paid back. These are just the ones Sedecca considers almost certain to fail. This is not including several other "risky" banks.