Every newspaper seems to be headlining with the Failing Banks!

In case you don’t know what the ‘Watch List’ is..think of it as the list of banks the government thinks will fail. pGuess what, finding the list of banks on the list is nearly impossible. The FDIC doesn’t publish their list! pI read that the FDIC is not releasing the list because they are trying to avoid panic and a ‘rush on the banks’ for people to withdraw their money.

After all, if the bank fails your deposits/ savings are insured to up to $100,000. If the bail out passes that amount will increase to $250,000. From a real estate perspective, I want to know which banks are on the ‘Watch Lists’ for the sake of real estate clients. For example, you certainly wouldn’t want to refer a buyer to a lender for financing if the bank is going to fail. Here is the list. FDIC Bank Watch List (03.08)

Thanks, Tim Harris, for this great post.

Best,

Mark Shandrow