Sunday, April 26, 2009
New article of mine published on goldseek.com and gold-eagle.com
Below are the links for those interested (both links lead to the exact same article):
http://news.goldseek.com/GoldSeek/1240768127.php
http://www.gold-eagle.com/editorials_08/brochert042609.html
Four more bank failures this weekend plus a credit union. The 1930s continue to play out according to script and trust me, it ain't any different this time. As commercial real estate continues to implode, regional banks will be under even greater stress than they are now as more of these loans were held on the local books rather than sold to Wall Street (like home mortgages were).