"There might be a thousand (banks that will fail). And I'm talking about mostly regional banks... just as they did in the last S&L crisis... We will need Federal assistance."
- Wilbur Ross, LBO investor, reinforcing his prediction that up to 1000 banks will fail in the next few months, September 2008
(full inverview and quote here)
(FDIC limit information here)
September 15, 2008
PEOPLE OF AMERICA - GET YOUR MONEY OUT OF THE REGIONAL BANKS AND GET IT OUT NOW. ASK QUESTIONS LATER. KNOW YOUR FDIC LIMITS. YOU WERE WARNED.
Posted by blogger at 9/15/2008