I keep pointing this out and the Administration is looking the other
way.....

========================================

http://finance.yahoo.com/news/Regulators-report-27-percent-rb-
3180263608.html?x=0&.v=1

Regulators report 27 percent jump in problem banks


 On Tuesday February 23, 2010, 10:05 am EST

WASHINGTON (Reuters) - The number of "problem" U.S. banks jumped 27 
percent during the fourth quarter of 2009 to 702, the highest level 
since 1993 and a sign the industry's recovery is still shaky, regulators 
reported on Tuesday.

The Federal Deposit Insurance Corp said the industry overall eked out a 
profit of $914 million for the quarter, benefiting from a healing 
economy, but said the improvement was concentrated in the largest banks.

FDIC Chairman Sheila Bair said the profit was a huge improvement over 
the $37.8 billion loss the industry reported in the fourth quarter of 
2008. "It's not that this was a strong quarter. It's simply that 
everything was so bad a year ago," Bair said in a statement.

Smaller institutions are still struggling with deteriorating loan 
portfolios, especially with loans tied to commercial real estate. The 
FDIC set aside an additional $17.8 billion during the fourth quarter for 
expected bank failures.

Regulators have closed 20 U.S. banks so far this year and 185 since 
January 2008, as banks continue to struggle with loan portfolios stocked 
with souring loans.

(Reporting by Karey Wutkowski; Editing by Tim Dobbyn)

--- PCBoard (R) v15.3/M 10