First IndyMac – which California banks are next at risk?

Using a number referred to as a “Texas ratio… which compare a bank’s assets and reserves to its non-performing loans,” ABC News’ political blog The Blotter has found two California banks that are at risk of failing.

With a ratio just under 100, at 96, the $13-billion Downey Savings and Loan of Newport Beach, California is the biggest financial institution with a high ratio of bad loans.

Per the Research Associated of America, another is the Security Pacific Bank, based in Los Angeles, with a ratio of 102.8.


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