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* Georgian Bank to cost FDIC insurance fund $892 million
* Bank catered to rich, featured on-staff chef
WASHINGTON, Sept 25 (Reuters) - Regulators on Friday closed Georgian Bank in Atlanta, marking the 95th U.S. bank to fail this year and another sizable hit to the federal insurance fund used to safeguard bank deposits.
48% loss severity on a bank that only had a 50-something texas ratio last quarter. Something's not kosher.
I don't know if you've been keeping up with current events. But banks are NOT closing down any more. They have gone to just a few closings every weekend.
Which begs the question. What FDIC insurance fund?
This is scary as hell to me. If there were 8 closings this weekend i'd sleep better. but this is SCREAMING bank holiday.
Since when prices follow a normal distribution ?
When pricing is normal.
The Oct 14 support of 1044 has to be defended. Otherwise, its bad mojo.
Still making people pay the highest price or close to it.
1 sigma = fat tails
Good chart. I prefer a week chart, that maybe a tell.
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