I heard him on a radio talk show a couple of weeks ago, and he was also mentioning that of the 8500 or so banks that are out there, 2500 are insolvent right now. He is not someone with a political agenda he is just an analyst. I hope he is wrong about that, but what a number. He also said about 2000 are in very good shape, and the rest somewhere in between these two conditions.
He did predict very difficult times ahead due to this and mentioned this was more than what the government can handle in his opinion. It might be in the archives of Mo Ansari’s Market Wrap on 1000 AM. I think I have those numbers right, but I might be off slightly with them.
I think if you go to Compak which is Ansari’s managment company he said his shows are archived there for listening.
