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Posted By y_soitenly 1 year, 1 month ago in Business & Finance
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SAN FRANCISCO (Oct. 5) - Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial industry.
The biggest question is how many will perish and how they will be put out of their misery — in outright closures by regulators scrambling to preserve the dwindling deposit insurance fund or in fire sales made under government pressure.

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    y_soitenly1 year, 1 month ago

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    The government's commitment to spend up to $700 billion buying bad debts from ailing banks is likely to save some institutions that would have otherwise died, but analysts doubt it will be enough to avert a major shakeout.

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      socialexpert1 year, 1 month ago

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      O.K. so what you are saying is no job is better then lower taxes? That is what will and has been happening. The tax breaks are due to expire and the Democrats want them to, that will help us keep our jobs, right!

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        y_soitenly1 year, 1 month ago

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        socialexpert,

        Read the article!

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