Analyst predict at LEAST 150 bank failures within the next six months, should we thank the Conservatives?

Banks are always on the edge of going under. My money isn't in the bank, technically it's being loaned out to someone else. You can blame whomever you like but the truth is the banks are to blame. They're the ones that gave crappy loans to gullible rejects with little income. The banks knew those people didn't have the down payment and would be in over their heads.

That's because an analysts job is to report to a media source, which is out to make a dollar so the report is very skewed. What do banks do to make money? They give out their own money. They only make a profit after a loan of some sort is paid off and the interest is collected. So with all these people signing on for loans they know they can't afford...who's fault is it that they couldn't pay their debt? Now, addmittingly, yes...the FED should have done a better job regulating how these loans were given out years ago before the credit crunch got so out of control, as it is now. That was a mistep...but, of course, they were just trying to get mroe people involved in the economy and make more banks money. That's their reasoning, anyway. Regardless, banks are always on the brink of failing...if you're scared, then make sure you don't have over 100 thou in any one account...even if the bank goes under, hte FDIC has your back. You better hope...anyway.

No, this problem didn't happen over night and wont be fixed over night. It all started when the Feds made it easy to "adjust" mortgage rates so most anyone could afford a home. Only problem is that repaying the loan became the issue.

Banks are not " Non-Profit" organizations and make money off the interest and fees they charge for loans and such. When a bank has large sums of money out, and large number of defaults, they get into trouble.

We cant have it both ways, affordable housing for "Everyone", and common sense banking with common sense loans to people who can pay their monthly note.

Let's stop blaming each other.

Despite the complete lack of regulation, which I agree is stupid, it is still people that take the bait.

Perhaps if the mean IQ of the US population was more than 98 and a great deal of forward thought was put into their actions, this mess would not exist even in a deregulated free market.

I really don't understand why Republicans always deregulate to the point of stupidity. It happened when Reagan was president as well. They should make a large sign in the federal buildings reminding them of what happens when they do this. It does get the economic ball rolling but bad business practices that become legal with deregulation always are the result.

no... thank the Dems for keeping oil prices up. People can't afford to pay mortgages.

Yes. They are always on this DEREGULATION thing, ever since Reagan.