Tuesday, February 23, 2010

You Thought We Were Kidding

In the wake of the worst financial crisis since the Great Depression, the government agency that insures bank deposits announced today that 702 banks are on the brink of failure, the most in the last 17 years.

I saw people predicting this two years ago. You can damn well bet this is a very low estimate.At one point, I saw people predicting over two thousand.