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FDIC troubled bank list has nearly doubled in one year



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What part of the banking crisis did the White House economic team miss? CNNMoney:

The government's list of troubled banks hit its highest level since 1992 during the second quarter, although the pace of growth continued to slow, according to a government report released Tuesday.

The number of banks at risk of failing rose by almost 7% to reach 829, the Federal Deposit Insurance Corporation said in its quarterly survey of the nation's banking system.

That figure is up from 775 problem banks reported in the first quarter of the year, and is nearly double the 416 banks that were on the FDIC's watch list a year ago.


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