FDIC list of problem banks shrinks for first time since 2006

``The Federal Deposit Insurance Corporation announced Tuesday that its so-called problem bank list fell by 23 institutions to 865 at the end of the second quarter. That's down from 888 in the first quarter and marked the first decline since the third quarter of 2006.'' -- Perhaps but don't jump for joy yet; the shrinkage is ever so slight and pales in comparison to independent ratings such as Institutional Risk Analytics which put approximately 1/3rd of banks as troubled.