Wilbur Ross: Possibly a Thousand Banks Will Close | WHAT REALLY HAPPENED


Wilbur Ross: Possibly a Thousand Banks Will Close

In an exclusive interview with CNBC.com, Wilbur Ross, chairman and CEO of WL Ross & Co., says he sees possibly as many as a thousand bank closures in the coming months. And this will create opportunities for investors.

Webmaster's Commentary: 

This is called "vulture economics" because what it means is that rather than try to create a prosperous economy as a who,e one seeks to make a profit from the destruction of others. Such policy betrays a total disregard for ones fellow man and I have no doubt such practitioners are in church every Sunday, tossing money at any priest who will absolve them of any guilt and reassure them that wealth, no matter how acquired, is the sign of God's elect.

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