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More bank failures are coming. The biggest wave will likely be regional banks.
Aug 06 09:32 am
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All Comments by ReEconomist »Greenspan: Still Almost Childlike in His Idealism [View article]
The FDIC issued a report recently on the banks it insures. What they found is that despite a 400% increase in loan loss provisions from 2007 levels, reserve growth is not keeping pace with rising non-current loans as troubled mortgage loans continue to increase.
More banks will need to raise capital to keep from becoming in solvent and some of them will be unable to. Link to download the FDIC report
www.ushousingmeltdown....