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    Repiglican Roast

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    Monday, March 03, 2008

    Hey What Decade is this or Bush Builds Hooverville

    [...]

    "Regulators are bracing for 100-200 bank failures over the next 12-24 months," says Jaret Seiberg, an analyst with the financial services firm, the Stanford Group.

    Expected loan losses, the deteriorating housing market and the credit squeeze are blamed for the drop in bank profits.

    The problem areas will be concentrated in the Rust Belt, in places like Ohio and Michigan and other states like California, Florida and Georgia.

    [...]

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    posted by TheFuriousGourmet | 7:39 AM

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