Analysts: 150 U.S Banks Nationwide May Fail Next Year

[FrankRep]

Analysts Say More Banks Will Fail

NY Times
July 14, 2008


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


SOURCE:
http://www.nytimes.com/2008/07/14/b...login&partner=rssnyt&emc=rss&pagewanted=print

 

[LiveFree79]

Wow this is now all over MSM. This is definitely a perfect storm heading our way.

 

[newyearsrevolution08]

Wow what a shock, trying to scare people into a new currency and allow the feds to have control over our banking system and soon our housing. What a shock.

 

[Zippyjuan]

Things are confusing right now. Nobody really knows. One important line in the article:

The nation’s banks are in far less danger than they were in the late 1980s and early 1990s, when more than 1,000 federally insured institutions went under during the savings-and-loan crisis. The debacle, the greatest collapse of American financial institutions since the Depression, prompted a government bailout that cost taxpayers about $125 billion.

There will be lots of rumours and speculation about what will happen next. But they don't know for sure.

 

[forsmant]

I read an article today that said fannie and fredie will be the last bail outs. I also heard on Fox News that the number of bank failures would be between 150 and 7500 within the next 18 months.

http://omaha.com/index.php?u_page=1208&u_sid=10380677

 

[Indy4Chng]

I also heard on Fox News that the number of bank failures would be between 150 and 7500 within the next 18 months.

http://omaha.com/index.php?u_page=1208&u_sid=10380677

That a big range. 150 to 7500. Its the wonderful bandaid mindset going back since I can remember. One temporary solution leads to another. I am guessing it starts when government first got involved in trying to control the markets.

 

[latkinson6]

link to the analysts data.
the 'who is next list'
http://dealbreaker.com/images/thumbs/Bovecommentarywhoisnext.pdf

 

[jonahtrainer]

The entire banking system is insolvent. Oh, what a mess!

 

[noxagol]

The entire banking system is insolvent. Oh, what a mess!

I just wish I had enough money to afford gold. I'm stocking silver though.

 

[pacelli]

If you folks have anything in safety deposit boxes, you might want to consider calmly getting everything out before no one is there to open the door.

 

[noxagol]

If you folks have anything in safety deposit boxes, you might want to consider calmly getting everything out before no one is there to open the door.

Good idea.

 

[FindLiberty]

If you folks have anything in safety deposit boxes, you might want to consider calmly getting everything out before no one is there to open the door.

Or,

Private ownership of PMs or gold coins is suddenly banned and an armed IRS rep must be standing right there next to you, ready to take inventory and/or possession, whenever you access ANY SDB!

 

[noxagol]

Well then it's good that I don't have any of that in there.

 

[pacelli]

Or,

Private ownership of PMs or gold coins is suddenly banned and an armed IRS rep must be standing right there next to you, ready to take inventory and/or possession, whenever you access ANY SDB!

It wouldn't be the first time, that's for sure.