Time For Prozac

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Feb 8, 2008 9:00 pm

"Regulators are getting nervous. In a speech to Florida bankers at the end of January, John Dugan, the Comptroller of the Currency, noted that more than one-third of America's community banks—and more than three-fifths of Florida's—have commercial-property loans that are more than three times their capital. And he went on to predict increases in loan-loss reserves and a rise in bank failures. How bad could things get? Gerard Cassidy of RBC Capital Markets estimates that between 50 and 150 banks with assets of up to a couple of billion dollars each could fail in the next couple of years, the highest rate since the savings-and-loan crisis of the late 1980s."


http://www.cfo.com/article.cfm/10672046/2/c10672601?f=home_todayinfinance
 
Feb 12, 2008 6:33 pm

For Exxon...chavez cuts xom off.

 
http://money.cnn.com/2008/02/12/news/international/bc.apfn.la.fin.venezuela.us.oil.ap/index.htm?source=yahooquote