With the failure of mortgage lender IndyMac last week, and the deep troubles facing the two largest mortgage lenders in the U.S.— Fannie Mae and Freddie Mac—analysts are predicting that within 12 months, many more regional lenders will fail.
Though analysts aren’t predicting the failures to reach savings-and-loan-debacle level (during the S&L crisis 20 years ago, more than 1,000 banks went under), they do believe that the number could be significant. Which leads to this question: Who’s next?
If you have any predictions of your own about which banks might be the next to call it quits, we welcome your comments below.
Want to be found by top employers? Upload Your Resume
Join Gold to Unlock Company Reviews