My Cool Blogs » banking http://mycoolblogs.com Cool information from cool bloggers Thu, 29 Sep 2011 03:34:39 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Stress Tests And Beyond http://mycoolblogs.com/finance/stress-tests-and-beyond http://mycoolblogs.com/finance/stress-tests-and-beyond#comments Thu, 20 Aug 2009 09:51:04 +0000 invgold http://mycoolblogs.com/?p=58 One of the largest stresses on the United States economy at this point is the financial stability of our banking system. Stress tests of all US banks were completedrecently. Since the outcome of those tests were revealed dozens of banks have gone into bankruptcy across the US.

At last count there were over 60 banks that have made a bankruptcy filing just in recent months. This has cost the FDIC over $12 billion. The troubled asset relief program is going broke and is predicted to betotally out of funds by fall 2009. This is just the beginning and unfortunately things will get worse before they get better.

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