200 Bank Failures Expected in 2010
Washington has so thoroughly botched its supervision of the banking industry that 200 banks are likely to fail this year — easily surpassing last year’s 140 bank failures … inevitably involving the greatest bank losses in history … and already costing the FDIC ten times more than the great S&L and banking crisis of the 1980s did.
I am not basing these conclusions on conjecture. They come straight from official sources. Specifically …
