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Failed US Banks in 2008
Oilzilla ( Score Rank: User did not make predictions in the last 30 days ) Oilzilla  |  will close on 01-Jan-2009 (41 days from now)
On Aug 22, Columbian Bank and Trust of Topeka, Kansas, was shut down by the Federal Deposit Insurance Corp. and other regulators, making it the "ninth" U.S. bank to fail this year as a weakening economy and falling home prices take their toll.

Still, the loudest complaints on Main Street relate to rising commodity costs and inflation, especially expensive fuel and food. Gasoline prices have become a key issue in the Presidential campaign. U.S. consumers are spending less as retailers and restaurants struggle.

How many US banks will be closed in 2008?
ZiiValue
(chance)
Possible Outcomes
32%
41%
27%
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News & Video
Add News / Video 1 - 4 of 74 news / videos
0 vote This is Good This is Bad
2008-11-18
A
The listening bank  - Financial Times
If the “back us or sack us” call from Barclays... (more)
0 vote This is Good This is Bad
2008-11-18
A
DETROIT (Reuters) - Bank of America Corp Chief Exe... (more)
0 vote This is Good This is Bad
2008-11-17
B
Economists believe the US has been in recession si... (more)
0 vote This is Good This is Bad
2008-11-16
C
Hartford Financial Services Group, a struggling US... (more)
Comments (3)
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  1. voteSense voteSense 86 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 77% ] 10 - 12 banks
    (more)
    I expect more closing down in Q4 as the credit crunch get deeper. It will be harder for small banks to raise enough capital.
  2. black-shoulder black-shoulder 86 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 60% ] 9 banks
    (more)
    I assume the 9 banks option mean "9 or fewer," right? I think there's not enough time for a massive number of banks to close with 4 months left in the year, so I'd pick 9.
    1. voteSense voteSense 86 days ago
      0 vote This is Good This is Bad
      No it meant 9. There are already 9 banks closed in 2008.
       
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