Wednesday, April 23, 2008

Worse than a Recession?

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






2 comments:

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.


http://www.ft.com/cms/s/0/c4e0c530-10b1-11dd-b8d6-0000779fd2ac.html?nclick_check=1

Dr Purva Pius said...
This comment has been removed by a blog administrator.