Many major banks and financial institutions will fail between now and 2012
Sam Adelton
Feb. 2, 2008

May be this is what the Mayans meant when the ancient civilization predicted the end of the world as we know it. Many financial institutions will go bankrupt between now and 2012. These banks and investment banks are running low on usable liquid asset as mortgage defaults and stock market collapse multiply the manifestation of their bad investments.

The biggest shock is still waiting in the horizon that can send chill though nerves of the Federal Reserve. In spite of very low short-term interest rate, long term 10-year note yield can skyrocket between now and year 2012. That will depress the whole world economy and the financial meltdown will cause deep depression in the whole world.

Many major banks and financial institutions will fail between now and 2012. The biggest failure will be that of FDIC that insures individual deposits up to $100,000.

One bank failure and the run on the same will create the panic and people will start withdrawing all their money from the banks. The first announcement that your CD will fetch you 98 cents on the dollar will create the avalanche. The Fed and the financial safety nets will try and stop the problem with printing more money. But their ability will be limited by the skyrocketing long-term bond yields.

Many major banks and financial institutions will fail between now and 2012
Sam Adelton
One bank failure and the run on the same will create the panic and people will start withdrawing all their money from the banks. The first announcement that your CD will fetch you 98 cents on the dollar will create the avalanche.
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