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    S&L crisis compared to current banking problems

    Mish's Global Economic Trend Analysis concludes that huge banks are currently at risk of failing and that Citigroup will not survive in its current form. It also concludes that the current banking problems run far deeper than the S&L mess of the 1980s.

    Link:
    Mish's Global Economic Trend Analysis: S&L Crisis vs. Current Crisis


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    Re: S&L crisis compared to current banking problems

    I suppose that is entirely possible.

    So, where are the folks who were threatening to sue the banks into oblivion for "red-lining" back a few years ago???

    I mean, it's every American's "right" to own more house than they can afford, isn't it????


    I'm baaack! See my Hot Milk For Breakfast blog under Social Groups for more details

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