...the publicly-traded banks are reporting, today.........window-dressing.............
...to wit..."Every national bank, state member bank, insured state nonmember bank, and savings association ("institution") is required to file Consolidated Reports of Condition and Income (a "Call Report") as of the close of business on the last day of each calendar quarter, i.e., the report date. The specific reporting requirements depend upon the size of the institution, the nature of its activities, and whether it has any foreign offices."..............per FDIC charter................
....but the specific items in the bank's portfolios aren't known, until a formal FDIC exam.............the larger loans are all rated, and required to be reviewed internally, but.............THE FDIC CANNOT MONITOR AND CONTROL ALL OF THE BANKS........just those examined, and then given a C&D and put on the supervision list...............which is a death sentence, imo, unless the bank brings in fresh capital......which has happened during the past 10 years.....too much money......
....the tide in banking always turns and the current situation of an armageddon is long over-due........gonna get nasty..........and I hope - hope holding to EXPLOIT THE SITUATION........(with fresh cash from the uwbi matter).........aimho............
