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3 banks seized in Florida, Maryland, Utah


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#1 Rogerdodger

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Posted 31 January 2009 - 10:32 PM

Florida, Maryland, Utah Banks Seized Amid Deepening Financial Crisis...

I thought they "saved" the banks already?

The FDIC classified 171 banks as “problem” in the third quarter, a 46 percent jump from the previous period

Edited by Rogerdodger, 31 January 2009 - 10:37 PM.


#2 Rogerdodger

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Posted 31 January 2009 - 10:54 PM

Roubini: 'Risk of a near-depression shouldn't be underestimated'...
While the U.S. government is resisting nationalizing its biggest banks, Roubini says it will have no choice because they are now "effectively insolvent." And the outcome may be even worse than even he anticipates if governments fail to take aggressive steps to recapitalize banks and revive their economies, he says: "The risk of a near-depression shouldn't be underestimated."

"I'm not a permanent bear," he says. "I'll be the first to call a recovery, but I just don't see it yet, and it's getting uglier."
LINK

Edited by Rogerdodger, 31 January 2009 - 10:57 PM.