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Re: Fannie Mae and Freddie Mac

There has been a major decrease in the price of homes, loan defaults begin to rise and federal regulators or on their tipsy toes bracing as banks in America being to fail in the upcoming year. California collapsed Friday being left with one wondering what’s next? Will this be a domino effect with other banks across America?

Louise Story wrote But the troubles are growing so rapidly at some small and midsize banks that as many as 150 out of the 7,500 banks nationwide could fail over the next 12 to 18 months, analysts say. Other lenders are likely to shut branches or seek mergers.

-TaWana

Source:Yahoo Finance –http://finance.yahoo.com/banking-budgeting/article/105391/Analysts-Say-More-Banks-Will-Fail