US Banking Industry Continues to Struggle (Free Teleseminar)
The US banking industry continues to face extraordinary challenges and the bad news just seems to never stop. For example, the following is from Bloomberg news and just published yesterday:
Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank's equity and threaten its survival.
The number of banks exceeding the threshold more than doubled in the year through June, according to data compiled by Bloomberg, as real estate and credit-card defaults surged. Almost 300 reported 3 percent or more of their loans were nonperforming, a term for commercial and consumer debt that has stopped collecting interest or will no longer be paid in full.
The biggest banks with nonperforming loans of at least 5 percent include Wisconsin's Marshall & Ilsley Corp. and Georgia's Synovus Financial Corp., according to Bloomberg data. Among those exceeding 10 percent, the biggest in the 50 U.S. states was Michigan's Flagstar Bancorp.
Sounds terrible, doesn't it?
Well, it is terrible - but is also some of the best news you could ask to hear!
Why? Because the last time I saw this environment, I made $5 billion just picking up the pieces of all those credit defaults and failed banks and by helping good banks dispose of their bad loans.
Now, a $5,000,000,000 net worth may sound unbelievable. I assure you it was real and I was not the only person who made a lot of money helping all those consumers put their lives back together and helping the government and the banks solve those problems. That is how big the opportunity was 20 years ago.
Guess what? We are back in that same situation again today! Banks failing left and right. Bad loans everywhere you look. The US Treasury and the FDIC looking for people like you and me to help solve this problem. In just the last couple of months the U.S. Treasury Department and the FDIC announced programs that will make it easier for each of us to become involved in this wonderful opportunity. Those of us who participate and take advantage of these programs could potentially make millions of dollars.
These two new programs - the Legacy Loan Program and the Public Private Investment Program - not only make a tremendous amount of additional loans available for purchase at a steep discount to true value, they also provide a government funding source.
Here is the good news - everyone is eligible. In fact, if you happen to be a woman, a minority, a veteran or disabled - you will be given preference in this opportunity.
Here is your chance to get a piece of the "Bailout!"
Here is your chance to take advantage of what will be a "once in a lifetime opportunity."
Finally, a Bailout Plan that is aimed at all of us on "Main Street" instead of those fat cats on "Wall Street."
It gets even better than that. I am offering my students a chance to become a full-fledged business partner with me in this industry.
Join Bill Bartman and Larry Genkin, Creator of the Thought Leadership Marketing Methodology, as I explain how we (you and me) can take advantage of this wonderful opportunity.
This one-hour teleseminar is scheduled for 7:00 PM Central Time (8:00 pm Eastern Time, 6:00pm Mountain Time, 5:00pm Pacific Time) on Wednesday, August 19, 2009.
To register for this teleseminar - Click Here.
Bill Bartman
