Tag Archives: Toxic loans

How many loans must a bank have go bad, before it is washed to the sea?

Says here that 5% is the magic number and there are at least 150 banks with bad loans at that level or higher. The article says that all those banks report that they’re “well capitalized”. Go figure. While you’re figuring, anyone know Patriot Bank’s level?

UPDATE: Looks like Patriot is at 16%. That can’t be good.

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