Comments on: The List of Failed Banks Has Grown, But the Worst May Be Over

By: Stock Broker Reviewer

Stock Broker Reviewer — Thu, 26 Mar 2009 11:51:57 +0000

I would hope that we've seen the last of the failed banks, but I wouldn't wager that we've seen the last bank failure. I would expect that there will see more of the smaller banks to go under throughout the year. If we don't see any more bank failures, I believe that would be great for confidence as well as an economic turning point.

By: ian807

ian807 — Wed, 25 Mar 2009 04:54:39 +0000

Government’s office of the comptroller web site: http://www.occ.gov/ftp/release/2008-152a.pdf

Check out those bullet points at the top of the document.

Translation 1: American banks have over $170 trillion in exposure to derivatives.

Translation 2: We are screwed.

By: raythemoneyman

raythemoneyman — Tue, 24 Mar 2009 00:35:01 +0000

I have loaded into FAZ, this is all one big smoke screen.

http://crudeoiltrader.blogspot.com