Friday, April 24, 2009

More Than 1,800 Other Banking Institutions at Risk

JPMorgan Chase, Goldman Sachs, Citibank, Wells Fargo and More Than 1,800 Other Institutions Believed to Be at Risk of Failure Based on Fourth Quarter 2008 Data

JUPITER, Fla.--(Business Wire)--

Several of the nation`s largest banks, including JPMorgan Chase, Goldman Sachs,
Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, plus more than 1,800
regional and smaller institutions are at risk of failure despite government
bailouts, according to Martin D. Weiss, Ph.D., president of Weiss Research,
Inc., an independent research firm.

The analysis is based on Fourth Quarter 2008 data from TheStreet.Com and the
Comptroller of the Currency (OCC). Several large institutions received
significant ratings downgrades from the prior quarter, including Citibank,
downgraded from C- to D; Wells Fargo, downgraded from C- to D+; and SunTrust
Bank, downgraded from C- to D+.

Read More

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We The People Stimulus Package

Basso a former award winning news director for NBC TV and visiting professor at UCLA portrays Thomas Paine, author of the “Common Sense” pamphlet that made the case for independence during the American Revolution, has called for Americans to send tea bags to Congress. His videos urges Americans to take their government back from corrupt politicians. As a result of his videos, Basso was reportedly “summoned to the White House by President Obama to discuss the subject matter of the short films.”