With Hundreds of US Banks Still in Jeopardy, Credit Crunch May Last For Decades
October 30th, 2009. Published under Economic News. No Comments.
Although the American economy and the global economy both appear to be stabilizing, the U.S. banking sector nevertheless continues to struggle. By late 2009, more than 100 banks had collapsed in the U.S. during the year. That compares to just three bank failures in 2007 and 25 bank collapses in 2008. The Federal Deposit Insurance
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With Hundreds of US Banks Still in Jeopardy, Credit Crunch May Last For Decades