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Analysts Say More Banks Will Fail

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posted on Jul, 13 2008 @ 10:07 PM
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Analysts Say More Banks Will Fail


www.nytimes.com

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.

(visit the link for the full news article)




posted on Jul, 13 2008 @ 10:07 PM
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The news seems to be a little worse on the weekend.

Indy Mac...Fanny and Freddie..and now more banks!

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



posted on Jul, 13 2008 @ 10:46 PM
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Could be true. Maty not be true. A LOT of times the analysts are wrong...more times than right so we'll just have to see on this one.



posted on Jul, 13 2008 @ 10:48 PM
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can you hear it,..

soon usa will beg for a coalation in currencies,



posted on Jul, 13 2008 @ 10:56 PM
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If this does not smell like the beggining of a depression I dont know what will. This collapse has been brought to us by no other than ourselves, meaning our governmet, lobbyist and special interest.



posted on Jul, 13 2008 @ 10:59 PM
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It's not just the banks the financial issues are affecting.

According to my sources, towers 2 and 3 are being discussed at the moment. They may end up being scrapped from the Freedom Tower complex due to financial concerns.

Never fear though, the main tower is going ahead. As my source said, the plans are made and the lower structure is already in place, there's no turning back from building it now.


The other two towers might get scrapped.


When giants of industry can be shaken by a financial stall, you can bet it has the potential to be bad.

... and the government is still trying to re-assure the people it's all under control.
They just want you to look the other way until they're out of office. Then it's no longer their problem.



posted on Jul, 13 2008 @ 11:03 PM
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Just grab onto the rail and hold on tight. This sucker is going to whip and some banks are going to go flying but the ride should be over soon. Closing a few banks will free up some assets and create a flush of new capitol for those that survive. Look for new companies springing up to supply new commodities but it's going to take a while to bring enough jobs are get out of the housing crisis.



posted on Jul, 13 2008 @ 11:25 PM
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The article seems to hint at the fact that this crisis may not be as bad as the S and L scandal of the 1990's.

Yet when you read some other sources it seems that capital is moving toward China and India and other "emerging" economies rising with Inida and China.

China and India may be good plays.




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