Wednesday, 26 May 2010

20 Giant US Banks Still Vulnerable

Later this morning, Weiss Ratings is issuing a landmark press release, warning that 20 giant U.S. banks are still vulnerable to serious financial difficulties — and even failure. (I’ll name them in a moment.)

With 73 bank failures so far this year, double last year’s pace … with a new phase of the global debt crisis now unfolding … and with the dangers in the Dow I told you about Thursday … this news has far-reaching implications! So I wanted to give you this heads up.

We are not clear of the financial crisis by a long way ...

[Posted at the SpookyWeather blog, May 26th, 2010.]

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