BOHICA - 54 More Banks to Fail

[TGregg]

Better lube up and relax, there's more coming:

WASHINGTON – President Bush argued Monday that the government's dramatic rescue of Citigroup was necessary to "safeguard the financial system" and help the economy recover, and he said there could be more such moves if other institutions need help.

http://news.yahoo.com/s/ap/20081124/ap_on_go_pr_wh/bush_paulson

 

[TGregg]

NEW YORK – The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter — yet another sign of escalating troubles among the institutions controlling Americans' deposits.


http://news.yahoo.com/s/ap/20081125/ap_on_bi_ge/problem_banks

 

[SteveD]

During the S/L fiasco and the early 90's there were over 1000 banks closed......

Texas lost ALL of its banks....ALL....


Today is peanuts....media hype....


SteveD