Wilbur Ross: Possibly a Thousand Banks Will Close

[ensho]

http://www.cnbc.com/id/26710362

there is video of interview


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.

-snip-

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."
-snip-
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makes me think of the word scavenger

[Tansy_Gold]

1. Or vulture

or republican

same difference