Within an hour of posting the latest Banking Fatality yet another one emerges. Regulators just shut down Security Pacific Bank in California making this the 19th banking fatality this year.
SBYnews originally predicted approximately 15 banks would go under as a result of sinking real estate assets. We were wrong. . .it's worse than than our original estimates.
Just released moments ago: http://www.chron.com/disp/story.mpl/ap/business/6101174.html
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
Their dropping like flies
Gemini crickets, how many are more are going to fold.
It is really scary when one thinks about all of these banks going under.
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