My fingers slipped while doing this post. I was supposed to hit the "Save as draft" button after I uploaded the above photo, but I mistakenly pointed the cursor to the "Publish post" button instead. Subscribers to my RSS feed would definitely be wondering what the picture above was all about. So sorry guys.
Anyway, the big news today was Washington Mutual (WaMu). I got this updated top 10 list of U.S. bank failures from www.getlisty.com. Again, it's another great resource for busy people who'd like to frame current events in a historical context.
1. Washington Mutual, Seattle (2008)
Total assets: $307 billion
2. Continental Illinois National Bank and Trust, Chicago (1984)
Total assets: $40.0 billion
3. First Republic Bank, Dallas (1988)
Total assets: $32.5 billion
4. IndyMac Bank, Pasadena, Calif. (2008)Total assets: $32 billion
5. American S&LA, Stockton, Calif. (1988)
Total assets: $30.2 billion
6. Bank of New England, Boston (1991)Total assets: $21.7 billion
7. MCorp, Dallas (1989)
Total assets: $18.5 billion
8. Gibraltar Savings, Simi Valley, Calif. (1989)
Total assets: $15.1 billion
9. First City Bancorporation, Houston (1988)Total assets: $13.0 billion
10. Homefed Bank, San Diego (1992)
Total assets: $12.2 billion
(Photo credit: www.sxc.com)
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