The FDIC's quarterly banking profile, which analyzed data from 8,099 federally insured banks, reported that 552 financial institutions, with combined assets of $345.9 billion, were on the government's problem list at the end of September, up from 416 with $299.8 billion of assets at the end of June. That means roughly 7% of all U.S. banks are on the list and face a higher probability of failure.
FDIC officials don't disclose the names of banks on the list, in part because it could lead to bank runs.
With the dollar crashing and hyperinflation looming on the horizon, hard times seem to be a real and growing possibility.
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