Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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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:
Anonymous
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.
2 comments:
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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