Commercial property Bankruptcy. Which bank is next?
Has Wall Street factored in the Commercial property bankruptcy as well as commercial foreclosures? Have the also factored in the sheriffs sales? What about the Bankruptcies for business? Have they factored in the Tax Liens for delinquent taxes? What about the Hud housing foreclosures? All of these OTHER problems have not been reported or even factored. Then add in credit card defaults. Auto Repos are up also. FDIC can only cover 50 (more or less) billion in funds and the central bank our FED only has about a 23 billion in reserve. (according to the congress hearing today unless I mis heard.) How safe is your money in the bank?