National Report: Bank Failures Accelerating

This is certainly a rare viewpoint in most of the news lately. But I think it deserves some attention. After all, are we sure that we're out of the housing mess yet? And then what happens if the lagging commercial real estate market's short-term loans can't get refinanced in the next year or two?

National Report: Bank Failures Accelerating

Tuesday, February 24, 2009
By Brian K. Miller

OAKLAND, CA-The failures, now totaling 40, have grown in size and frequency such that an additional 82 banks are now expected to fail over the next six months regardless of government support.

The entire article may be viewed at http://www.globest.com/news/1353_1353/sanfrancisco/177067-1.html

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