⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐
The Washington Independent
The Washington Independent

The Washington Independent

Sanah Connor
News
Last updated: Jul 31, 2020 | Aug 22, 2008

Like many people, financial blogger Michael Shedlock has been worried for a while about the stability of the financial system. He’s made it clear in Mish’s Global Economic Trend Analysis that he thinks banks and lenders are in bigger trouble than they’re letting on. Shedlock, an investment advisor for SitkaPacific Capital Management and a contributor to Minyanville, has a strong following. He’s not alone in his worries; other financial experts are beginning to say out loud that things are getting pretty scary. Earlier this week, Kenneth Rogoff, the respected former chief economist of the International Monetary Fund, predicted that a large U.S. bank will fail within months, due to the deepening credit crunch. Shedlock is going further, and he’s naming names, with a list of ten financial institutions he thinks are close to going under. You can read his post to see why he thinks so, but to save you the suspense, here’s the list:

Lehman (LEH)

Washington Mutual (WM)

Fannie Mae (FNM)

Freddie Mac (FRE)

Corus Bank (CORS)

BankUnited (BKUNA)

Downey Savings (DSL)

Wachovia (WB)

Regions Financial (RF)

MBIA (MBI)

Ambac (ABK)

And yes, you counted right; there are 11. Shedlock said he threw in an additional troubled institution because of deflation.

Sanah Connor | Sanah Connor, a motivational keynote speaker, helps people and organizations improve their communication, interaction, and trust so they can have a greater effect on the world. She coaches her clients with zeal, assisting them in strengthening and elevating their leadership vision to new heights. Sanah knows how to rock a stage, interact with a crowd, and provide training so that others can effectively do the same. She has over ten years of corporate training experience, a talent for making substantive connections with audiences, and an insatiable appetite for helping others optimize their potential.

Related

Rep. Patrick McHenry: Please, Conservatives, Fill Out Your Census Forms!

The conservative congressman from North Carolina, a constant critic of the census -- one of the people who sounded the alarm about politicization when the

Rep. Paulsen allies with medical device industry to relax FDA oversight

Source: Flickr; Republicanconference (www.flickr.com/photos/republicanconference) On the heels of the Minnesota Independent story last week about U.S. Rep. Erik Paulsen’s cozy financial relationship with the medical device industry, the New York Times reported Tuesday that some health professionals are alarmed by Paulsen’s push to relax Food and Drug Administration (FDA) oversight

Rep. Parker Griffith (R-Ala.)

One of the most conservative Democrats in the House -- a freshman who said he couldn’t support Nancy Pelosi again -- is going to switch over to the GOP. Josh

Rep. Paulsen touts balanced budget constitutional amendment

In a post for the conservative blog True North , U.S. Rep

Rep. Paulsen, Karl Rove the latest to get ‘glittered’

Rep. Erik Paulsen and former Bush staffer Karl Rove were both showered with glitter at the Midwest Leadership Conference Friday

Rep. Paul Ryan to deliver SOTU response

Chairman of the House Budget Committee Rep. Paul Ryan (R-Wis.) will deliver the Republican response to the State of the Union Tuesday, according to Mike Allen

Rep. Perlmutter criticizes House measure that would eliminate 800K federal jobs

Congressman Ed Perlmutter today issued a scathing statement criticizing the House of Representatives for passing a spending bill that could put nearly a million federal employees out of work. The Colorado delegation voted strictly on party lines, with all four Republicans voting in favor of the bill and the three Democrats voting in opposition. Perlmutter’s statement: “My number one priority is to get people back to work because that’s the best thing we can do to pay our debt and move forward toward economic stability

Rep. Perlmutter to hold constituent meet-up in grocery store

Colorado Congressman Ed Perlmutter will hold a Government in the Grocery constituent meet-up this evening from 5-7 at the Safeway at 38th and Wadsworth in Wheat Ridge. The address is 3900 Wadsworth. The meeting, where Perlmutter typically sits at a folding table and talks to whomever shows up, is free and open to the public

Rep. Peace, ACLU seek investigation of soldier’s allegations of racial discrimination in Afghanistan

Both Rep. Steve Pearce (R-NM) and the American Civil Liberties Union agree: There needs to be an investigation into Spc.

© Copyright 2022 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com

⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐