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An Antidote to Corporate Media
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pkennedy
2010 Feb 5, 8:15am
What is shows is that banks make !@#$ loads of money, and that even at 7% delinquency they're profitable.
I found a great website that shows real bank loan delinquency data collected from the FDIC.
http://www.wlmlab.com/main.asp
One feature that is very impressive: Â You can type "metro:san francisco" or something like that in the search field, and it will show all the banks in your metro area, ranked by amount of outstanding loans. Â It's an easy way to see how many of your neighbors are seriously delinquent. Â It looks like the national average is over 7% are 90+ days delinquent.
Check out Wells Fargo. Â Is this the same bank that just announced a profit? Â It seems the emperor is wearing no clothes...