2008-09-03go.com

Back in April, I called bank failures a "rare occurrence" that few of us, born after the Great Depression, worried about.

Since April, eight more U.S. banks have failed for a total of 10 this year, and more failures are on the horizon as the industry copes with the consequences of loose lending standards and bad decision-making.



Comments: Be the first to add a comment

add a comment | go to forum thread