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RBC Analyst: 300 Banks Could Fail [Housing Tracker]

RBC ANALYST: "300 BANKS ARE LIKELY TO FAIL" HAS NO MORE RELEVANCE THAN SAYING 8200 BANKS WILL LIKELY SURVIVE.

WHAT A THOUGHTLESS STATEMENT. WHERE IS THE PROOF?

Barron's Goes Bullish on Banks, Again

There are many small regional and community banks that are trading at a fraction of book. Some have taken small losses and others have had their earnings trimmed.
However, as the economy begins to stabilize in 2009 and the growth in NPA's fades, earnings will again accrue. These "main street banks" understand the local commercial customer better than their "wall street" counterparts.
Stock valuations in this sector may well increase 50% to 100% within the next 2 years. Discover the babies that have been tossed out with the proverbial bath water.