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Viva la self-regulating marketplace

Haydesigner in San Diego's picture
Submitted by Haydesigner in ... on Wed, 02/27/2008 - 9:58pm. ::

"Regulators are bracing for well over 100 bank failures in the next 12 to 24 months, with concentrations in Rust Belt states like Michigan and Ohio, and the states that are suffering severe housing-market problems like California, Florida, and Georgia," said Jaret Seiberg, Washington policy analyst for financial-services firm Stanford Group.