One of CNBC's guests from the banking industry said this morning that up to 10% of American's banks may have to be nationalized by the FDIC over the next six months, but they only expect about half that amount. Still, he said, this would amount to TWICE as many bank failures as during the last credit crisis. Wow!
Subprime News: Fannie, Freddie, Regional Banks [Housing Tracker] [View article]