Monday, July 14, 2008

Analysts: 150 U.S Banks Nationwide May Fail Next Year

As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year. But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began posing two crucial questions: Just how many banks might falter? And which one could be next?

read more | digg story

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