Thursday, August 21, 2008

The Debts of the Spenders: Large Bank Collapse Imminent

Where were these guys when I started making my predictions a few months ago?

"Targets Fannie Mae, Freddie Mac as among possible casualties...""

“We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper, we’re going to see a big one, one of the big investment banks or big banks,” said Mr. Rogoff, who is an economics professor at Harvard University and was the International Monetary Fund's chief economist from 2001 to 2004.


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