08-28-2009, 06:35 PM
Grieve Wrote:The number of banks that have failed this year are in the low 80s. 150-200 more are expected to fail before all is said and done. But 524 failed in 1989 alone, just one year of the S&L crisis. While it's not anything to cheer about, it's not going to destroy the economy.
This guy has a slightly different estimate. 1000 banks in the next 24 months.
http://www.cnbc.com/id/32581463
"You cannot invade the mainland United States. There would be a rifle behind every blade of grass." - Admiral Isoroku Yamamoto
Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state.
-Thomas Jefferson
Spread my work ethic not my wealth.
Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state.
-Thomas Jefferson
Spread my work ethic not my wealth.