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Wilbur Ross: Possibly a Thousand Banks Will Close(Video)

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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 04:54 PM
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Wilbur Ross: Possibly a Thousand Banks Will Close(Video)
In an exclusive interview with CNBC.com, Wilbur Ross, chairman and CEO of WL Ross & Co., says he sees possibly as many as a thousand bank closures in the coming months. And this will create opportunities for investors.

Ross says he will be looking to pick up smaller distressed institutions. "There will be opportunities, but we will need federal assistance in them, because what we're mainly looking for is stable sources of deposits, not so much the loan portfolio."


video link

http://www.cnbc.com/id/26710362
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 04:56 PM
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1. A thousand banks aren't going to close
Edited on Mon Sep-15-08 05:02 PM by depakid
If you really support Obama get a grip.
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angstlessk Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 05:03 PM
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2. good investments for the rich once the taxpayer bails out the banks
this 'federal assistance' is bullshit...taxpayer bailout or WELFARE FOR THE TOP TAXES FOR THE REST!!!
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