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Analysts say more U.S. banks will fail

07.14.2008

WiseOne

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Join Date: Sep 2007

Location: Big Sandy, TN

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Analysts say more U.S. banks will fail

Quote:

As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year.

But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began posing two crucial questions: Just how many banks might falter? And, more urgently, which one could be next?

Read More Here >> International Herald Tribune

WiseOne's Comments, this is FAR from a surprise to me to say the least. I think the piper has LONG been held off and he wants his NOW.

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