Tag:
savings-and-loan crisis
Latest Headlines
Latest Headlines
Some perspective on the current bank crisis
There's little doubt that we're going to see more bank failures. IndyMac is merely the tip of the iceberg. While it's hard to predict how big that iceberg is, experts say as many as 150 out of the 7,500 banks nationwide could fail over the next year or so. That constitutes a legitimate cri
The great bank implosion: How bad will it get?
The great bank implosion is on. The pain is spreading from the global banks--the Citigroups and Bank of Americas--out to the heartland. Some are expecting a wave of failures. I'm not talking about anything along the lines of the savings-and-loan crisis, but we've gotten so accustomed to stabil
