Wednesday, April 23, 2008

Worse than a Recession?

Peter Schiff on Bulls and Bears says YES -- We're on the verge of economic collapse


Patrick said...

US regulator fears wave of bank failures

The Financial Times

US bank failures could rise above “historical norms” as a weakening economy puts pressure on badly underwritten loans, particularly in commercial real estate, according to a bank regulator.

In an interview with the Financial Times, John Dugan, who oversees about 1,700 national banks as comptroller of the currency, said the growing problems for lenders follow a period of almost four years in which no institution regulated by his agency had failed.

Dr Purva Pius said...
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