Last August I wrote a post talking about this study that said 416 banks were in trouble. It seems that the news is much worse about six months later, as the prediction now is that 702 banks, which is one out of every 11 banks in the country, are in [...]
Goodness gracious! When this year began, I never thought that things would get quite this bad. I had predicted 130 banks would close, and we hit that number a couple of weeks ago. Today, that figure has hit 140 banks, and with 10 banks closed over the last [...]
I was reading an article on Newsweek’s online site titled Bank On More Failures. The writer was interviewing Lawrence J. White, a professor at New York University’s Stern School of Business on the subject.
White basically believes that hundreds of small banks are going to fail, not necessarily because of the [...]