Two other failed banks in the U.S.
by admin on 08/12/08 at 8:46 pm
The financial crisis is becoming more serious and two other banks in the United States have declared Bankruptcy. The First National Bank of Nevada and First Heritage Bank.
With these two banks are 7 bankruptcies registered in the U.S. this year. Unfortunately, with the mortgage crisis the banks are unable to find the credit necessary to carry on its business and cover the heavy losses due to subprime mortgages.
Certainly in Europe we are experiencing a strong economic crisis, but in the U.S., its grip is becoming unbearable. Every day you hear the worst news. The small fish fail and die in the jaws of the great global financial crisis.
We hope that in Europe, this crisis does not reach the levels of the U.S., but that takes a balance as it was until now. A failure of a bank chain is certainly the beginning of a major financial crisis, which could lead the country in a remarkable state of economic regression.
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