· Dozens of U.S. banks will fail by 2010: analyst
Jonathan Stempel, Reuters
Published: Friday, February 01, 2008
NEW YORK (Reuters) - Dozens of U.S. banks will fail in the next two years as losses from soured loans mount and regulators crack down on lenders that take too much risk, especially in real estate and construction, an analyst said.
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it only requires the Rapture to spook the banks l. As soon as the Rapture takes place the market and the bank will collapse like a pack of cards.