Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Bodybuilding Boards => Gym/Stores/Industry Business Board => Topic started by: benz on February 07, 2009, 08:22:03 AM

Title: Question about banks shut by regulators
Post by: benz on February 07, 2009, 08:22:03 AM

So the fdic has been seizing banks and i wonder if somebody can explain me whats the situation here:

News say (as of today)

County Bank of Merced, California, with deposits of $1.3 billion and assets of $1.7 billion, was shut yesterday by the state’s Department of Financial Institutions

So, whats the problem with that bank? 1.3 billion cash, 1,7 billion assets, but they dont really tell anything about their debt

Any expert here willing to explain

Title: Re: Question about banks shut by regulators
Post by: danielson on February 07, 2009, 08:56:52 AM

You got a link to the article benz?

Title: Re: Question about banks shut by regulators
Post by: benz on February 07, 2009, 10:16:44 AM

Quote from: danielson on February 07, 2009, 08:56:52 AM

You got a link to the article benz?

sure, if you can explain me would be great.

here's the link

http://www.fdic.gov/news/news/press/2009/pr09019.html