More Banks Expected to Fail
Upwards of 150 banks could fail over the next year. That will be a dramatic increase over the last few years, but far from the number that went under during the 1990s savings and loan crisis. For where to look for failures I’d be eying the areas where the housing boom was most prevalent: California, Florida, and Nevada. As housing prices adjust to reasonable levels of supply and demand banks holding mortgages in those areas will have to readjust their balance sheets accordingly.
“Analysts Say More Banks Will Fail“
