After the failure of Lehman Brothers, American International Group and Merrill Lynch, anxiety intensified about the health of several other big US financial institutions.
Federal Deposit Insurance Corp. data released show 117 banks and thrifts were considered to be in trouble in the second quarter. More banks will come on the (troubled) list as credit problems worsen.
Do you see any posibility of any other major US banks go bankrupt?
Experts say, US government lacks the wherewithal to step in every time a big financial firm fails.
Is it possible for US govt to protect every single institution?
Federal Deposit Insurance Corp. data released show 117 banks and thrifts were considered to be in trouble in the second quarter. More banks will come on the (troubled) list as credit problems worsen.
Do you see any posibility of any other major US banks go bankrupt?
Experts say, US government lacks the wherewithal to step in every time a big financial firm fails.
Is it possible for US govt to protect every single institution?