How Many Problem Banks Will Survive?
Monty Pelerin’s World
If the banking system is healthy, how can the Wall Street Journal report news like the following:
More banks are missing dividend, interest and other repayments to the Treasury Department and some may never exit from a federal financial-system bailout program, a government watchdog said Thursday.
More than three years after the launch of the Troubled Asset Relief Program, the U.S. government still owns stakes in about 366 banks.
The reality is that the financial system is on life-support, gasping for breath until the true crisis comes. The first was merely a warm-up for the next one.
http://www.economicnoise.com/2012/03/08/how-many-problem-banks-will-survive/
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