Back in July, after IndyMac went under, we posted a list of ten banks that could be “the next to go under.” Interestingly enough, as reader Irene noticed, neither Washington Mutual or Wachovia, two major, sub-prime mortgage saddled, banks that got taken over recently, made the list. The list was based on analyzing the banks’ “Texas-Ratio,” basically the ratio of loans they’ve made to capital they had on hand. None of the banks on the Texas-Ratio watch list, like “The State Bank of Lebo” of Lebo, KS, or “First Priority Bank” of Bradenton, FL, can be found on another list either: the list of banks you’ve heard talked about in the news. Well here’s a newsflash that the media elite passed over while buffing their loafers with their fancy college degrees: The State Bank of Lebo now has an ATM. It’s inside Casey’s General Store. Put that in your pipe and smoke it!
WaMu And Wachovia Weren't On Texas-Ratio Deathwatch List
By Ben Popken October 2, 2008
- continuing the crackdown Lender EZCORP Must Pay $10M In Refunds, Fines For Illegal In-Person Debt Collection Practices
- moving toward a resolution Target Agrees To Pay Banks $39.4M For Expenses Resulting From 2013 Data Breach
- looking a bit more closely Xerox’s Federal Student Loan Servicing Under Investigation Over Inaccuracies, Overcharges
- conflict of interests Lawmakers Who Received Money From Wells Fargo Now Want Answers From Bank’s CEO
- canadian overlords TD Bank Gets Rid Of Coin-Counting Machines, Makes Pennies More Useless