A useful site to tell your non-itulip friends their bank sucks.

[plinko]

FRED,

I posted this in news to hopefully help it gain exposure. Feel free to move it into rant and rave. I found the site via metafilter.

http://banktracker.investigativereportingworkshop.org/ - developed by the american university school of communication. It let's you easily see the percentage of your banks' troubled assets versus the national average. I found this site a lot easier for a layman to perceive data compared to the safe and sound indices via bankrate.com

I'm going to finally pull the plug on my old CU and finish transferring assets to other places after seeing some of this data.

[metalman]

Re: A useful site to tell your non-itulip friends their bank sucks.

FRED,

I posted this in news to hopefully help it gain exposure. Feel free to move it into rant and rave. I found the site via metafilter.

http://banktracker.investigativereportingworkshop.org/ - developed by the american university school of communication. It let's you easily see the percentage of your banks' troubled assets versus the national average. I found this site a lot easier for a layman to perceive data compared to the safe and sound indices via bankrate.com

I'm going to finally pull the plug on my old CU and finish transferring assets to other places after seeing some of this data.

dude... that is a friggin awesome site. thx! compare this bank...

The Nashua Bank

to, oh, say...

Community Bank of the Bay :eek::eek:

[Slimprofits]

Re: A useful site to tell your non-itulip friends their bank sucks.

msnbc did a survey of the health of banks using this site.

posted here:

http://www.itulip.com/forums/showthread.php?t=10353

[ThePythonicCow]

Re: A useful site to tell your non-itulip friends their bank sucks.

http://banktracker.investigativereportingworkshop.org/

Nice one - thanks.

Another one I like is TheStreet.com screener. Also Lew Rockwell's site has a link to a list of the Texas Ratios, as of December 2008, for 8393 banks in the United States, to be found at List of Troubled Banks.

[thunderdownunder]

Re: A useful site to tell your non-itulip friends their bank sucks.

How does this compare with your stress tests of the majors.
"When a bridge fails, it is invariably a few, small rusted bolts that give way causing the major components to fail and fall" -think the twin towers
Just a thought!!

[charliebrown]

Re: A useful site to tell your non-itulip friends their bank sucks.

Your right this is an awesome sight. I used to use the bank rating on The Street.com site. I was a little suspicious of the numbers. I think they are old. This site has a better break down.

[itpfan]

Re: A useful site to tell your non-itulip friends their bank sucks.

After $200 billions injection from the "FED" into the U.S. banking system, "the largest 10 banks, which have nearly half of all bank assets, reported earning about $10 billion from Jan. 1 through March 31"....

so...let me see if I understood what's the real earning for the largest 10 banks in 1Q'09? - ah....$10 billions minus $200 billions = -$190 billions ..?? - is that right??? :rolleyes:

[charliebrown]

Re: A useful site to tell your non-itulip friends their bank sucks.

I think the 10 billions is operating earnings. It does not account for changes in assets either to the postive injections / or negatives deteriorating loan book.