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February 28, 2008

Wheeeeee!

Remember to keep your money in a shoebox because:

"Regulators are bracing for 100-200 bank failures over the next 12-24 months," says Jaret Seiberg, an analyst with the financial services firm, the Stanford Group.

[...]

The problem areas will be concentrated in the Rust Belt, in places like Ohio and Michigan and other states like California, Florida and Georgia.

Let's party like it's 1930!


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