Monday, February 11, 2008

The Great Bust of '08

... The implication is clear. The FDIC has begun the “death watch” on the many banks which are currently drowning in their own red ink. The problem for the FDIC is that it has never supervised a bank failure which exceeded 175,000 accounts. So the impending financial tsunami is likely to be a crash-course in crisis management.

read more | digg story

No comments:

5-13-2026

Twin brothers wipe 96 gov’t databases minutes after being fired   Grocery prices jumped more in April than they did in nearly four years Mos...