FDIC latest report shows 417 banks did not meet the level for a "healthy" bank....banks are borrowing from the FED AT 0%,MOST OWE THE fed billions of $ ,and have not adjusted their loan to value ratios for any home loan in the last 6 months....all houses in value have decreased in the last 6 months and banks still have their value @ early 2009 values....no mark-to-mark in the last 6 months....."HEALTHY" IS = TO AROUND ZERO BANKS....GOOD DAY
Everything now is smoke and mirrors. Big banks are hiding behind huge losses and 500 could be shut down over the next year. If we get bad news Friday on employment numbers and the truth seeps out regarding bank defaults, the market will drop like a lead stone. FAZ to 28 today and 35 by Friday.