Quote:
Originally Posted by Rickm505
For those who still can't figure out why the Fed is in full panic. This is an April 9 article
Bloomberg.com: Exclusive
This article is nothing less than a harbinger of impending doom. Even I can't believe it's this bad. And Chuckles, this is from a good conservative publication.
If Bloomberg got the story right, we are in more trouble than even I thought.
This is my worst case scenario. |
From the last paragraph of the "impending doom" Bloomberg article...
"The number of lenders on the FDIC's ``problem'' bank list rose to 76 on Dec. 31 from 50 a year earlier. In 1990, the total reached 1,500. Three FDIC-insured banks failed in 2007, the first since June 2004"
DOOOOMED I say, DOOOMED.