Whgm The Odd Truth, Sept. 22, 2004
Here s a safe bet for uncertain times: A lot of banks won t survive the next year of upheaval despite the U.S. government s $700 billion plan to restore order to the financial industry.The biggest question is how many will perish and how they will be put out of their misery - in outright closures by regulators scrambling to preserve the dwindling deposit insurance fund or in fire sale
stanley cup deutschland s made under government pressure.Enfeebled by huge losses on risky home loans, the banking industry is now on the shakiest ground since the early 1990s, when more than 800 federally insured institutions failed in a three-year period. That was during the clean-up phase of a decade-long savings-and-loan meltdown that wound up costing U.S. taxpayers $170 billion to $205 billion, after adjusting for inflation.The government s commitment to spend up to $700 billion buying bad debts from ailing banks is likely to save some institutions that would have otherwise died, but analysts doubt it will be enough to avert a major shakeout. It will help, but it s not going to be the saving grace because a lot of banks are holding construction loans and other types of d
stanley cup eteriorating assets that the government won t take off their books, predicted Stanford Financial analyst Jaret Seiberg. He expects more than 100 banks nationwide to fail next year. The darkenin
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Ever wonder what Super Mario does when he not running across your screen kicking Koopa Troopas Filmmaker John Huffnagle shows us what everyone favorite plumber might do if left alone in your house. Long story short: Don ;t let Mario out of your sight. Anyone who ever picked up a controller knows that Mario ad
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