Reply #99: Bernanke: U.S. banks solid, some small ones may fail

[Demeter]

http://news.yahoo.com/s/nm/20080228/bs_nm/usa_fed_bernanke_banks_dc_1

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday that some small U.S. banks might go under during the current stress prompted by housing market problems, but the U.S. bank system overall remained solid.

"I expect there will be some failures," Bernanke told the Senate Banking Committee, referring to smaller regional banks who became heavily invested in real estate.

"Among the largest banks, the capital ratios remain good and I don't anticipate any serious problems of that sort among the large, internationally active banks that make up a very substantial part of our banking system," he said in response to a question during semi-annual congressional testimony.

(Reporting by Alister Bull; Editing by James Dalgleish)





YOU HEARD IT HERE FIRST, FOLKS!



I THINK THE PLAN IS FOR ALL THESE PINOCCHIOS TO TELL ENOUGH LIES SO THAT THEY SUPPLY THE NATION WITH AN INFINITE SUPPLY OF HARDWOOD--THROUGH THEIR NOSES! SUITABLE FOR CONSTRUCTION, FIREWOOD, AND MAKING MORE BLOCKHEAD PUPPETS.