Undercapitalized Thrifts Join Growing List

This column originally posted on RealMoney.com on Thursday, Feb. 19. For more information about subscribing to RealMoney, please click here.

Nine of the nation's 804 savings & loan associations were undercapitalized per regulatory guidelines as of Dec. 31, according to preliminary data reviewed by TheStreet.com Ratings.

Combined with an updated list of 40 banks considered undercapitalized by regulatory standards, also based on preliminary data, several of this group of financial institutions have already joined the growing legions of bank failures. Thirty-eight banks and thrifts have failed since the beginning of 2008. ...