U.S. bank failures almost certain to increase in next year - CNN.com

Description

Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion rescue plan to restore order to the financial industry.

The biggest questions are how many will perish and how they will be put out of their misery, whether it's outright closures by regulators scrambling to preserve the dwindling deposit insurance fund or in fire sales made under government pressure.

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http://www.cnn.com/2008/US/10/05/shaky.banks.ap/index.html

http://www.cnn.com/2008/US/10/05/shaky.banks.ap/index.html