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Dozens of U.S. banks will fail by 2010

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posted on Feb, 6 2008 @ 01:41 AM
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Dozens of U.S. banks will fail by 2010


www.canada.com

NEW YORK (Reuters) - Dozens of U.S. banks will fail in the next two years as losses from soured loans mount and regulators crack down on lenders that take too much risk, especially in real estate and construction, an analyst said.
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posted on Feb, 6 2008 @ 01:41 AM
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What scares me is, what happens to all the non FDIC insured banks like USAA, a primary bank for members of the military?

www.canada.com
(visit the link for the full news article)



 
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