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Carlos, 01-02-10 15:29:
About Bank failures, I want to ask you when this is going to start in Spain. We already have noticed the rat race to keep theirselves alive, using CEB funds, and refinancing all the death mortages that the can?. This is goin to stop in a halt for sure the question is . When?, maybe a interest rate change or the shutdown of cash from frankfurt?. Gov can't do nothing about I guess they live also from Frankfurt debt purchases via Spanish banks.
Michael, 09-02-10 22:03:
Yes, Man of Truth said something like this would happen on YouTube on Monday 15 September 2008. When Lehman Brothers went bust. He was very upset and dressed in shirt and tie in his podcast. It sounded like he had insider information. He said, “More than 90 percent of USA Banks will utterly fail”.

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Joerns answer
MOT has analysed some information early in the crisis. Now, where things get complex, he is actually not coming up with much information. And he certainly has no insider information. Said so, he is fun to watch and should become an entertainer.
Saturday 30. January 2010 09:24 Age: 41 days

At least 180 US-banks to fail 2010

BY: BERNINGER But only if speed of failures stays constant  
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January 2010 we had 15 banks failures . Just a week ago the average number indicated that 140 banks would fail, if speed would be maintained. Now, end of January, we already see an acceleration.

This is especially shocking In comparison to the three earlier years, but it confirms more and more the predictions I had made to reach or exceed 300 bank failures in the US.

One should keep in mind that a depression always starts with a sudden shock, then a celebrated recovery and with a delay of a few years after the first burst of a credit bubble the banking bubble finally bursts as well.

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