I see that the Tier 1 Risk Based Capital Ratio on 9/30/09 has fallen to 2.4% from 5.5% on 6/30/09. By comparison, this ratio for Eastern Michigan Bank on 9/30/09 was 13.3%.

I would have thought that the FDIC would have acted by now to shut them down, but the FDIC is nearly out of money and must focus their efforts on the worst of the worst. The FDIC does not have enough money to shut down all of the insolvent banks. Some reporters say that over 1,000 banks need to be closed.