Big Bank Failure Prediction

Thanks goes to Andrew for this. Another dire prediction.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4563171.ece

The deepening toll from the global financial crisis could trigger the failure of a large US bank within months, a respected former chief economist of the International Monetary Fund claimed today, fuelling another battering for banking shares.

and

In an ominous warning, he added: “We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper, we’re going to see a big one — one of the big investment banks or big banks,” he said.