Few more bank failures in the offing ???

March 1st, 2009 No Commented

Categorized Under: General

The property prices continue to crash in US and Europe and also across the globe. The budget deficit of US has already reached alarming levels. More and more jobs are being lost in US every day , which means more and more financial repayment defaults, and more homes on mortgage coming for crash sales. All these things indicate that at least in the coming one or two months, we might hear about one or two more major bank failures from US / Europe. These governments are trying their best, but beyond a point the governments would be forced to stop putting good money behind bad money, after all.

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