Up To 500 Bank Closures Could Absorb FDIC Funds | WHAT REALLY HAPPENED


Up To 500 Bank Closures Could Absorb FDIC Funds

Mark Patterson, chairman of private equity fund MattlinPatterson, told an audience of financial experts at New York’s Waldorf-Astoria this week that the U.S. could suffer up to 500 bank closures and that the chances of a new great depression are now as high as 25 per cent.

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