Tuesday, November 25, 2008

With A Capital 'T'

The FDIC is getting hungry. Maybe it has a tapeworm.

NEW YORK — The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50% to 171 during the third quarter — yet another sign of escalating troubles among the institutions controlling Americans' deposits.

In the second quarter, 117 FDIC-insured institutions were on the list. Now, at 171, the number of institutions on the FDIC's "problem list" is at its highest level since late 1995.