Wednesday, April 23, 2008

Worse than a Recession?

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






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2 Comments:

At 4/23/2008 8:05 PM, Anonymous 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

 
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