Over 775 Banks On FDIC Problem List

Last year, I wrote that 1,000 banks were poised for failure.  Since then, a few hundred have failed.

But now we have this:

WASHINGTON””A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.’s list of “problem” institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.  FDIC: Problem Banks at 775.

You should know what to do (already).

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