Large U.S. banks on edge of insolvency, experts say

This from a London newspaper.-Lou

Large U.S. banks on edge of insolvency, experts say

Some of the large banks in the United States, according to economists and other finance experts, are like dead men walking.

A sober assessment of the growing mountain of losses from bad bets, measured in today's marketplace, would overwhelm the value of the banks' assets, they say. The banks, in their view, are insolvent.

None of the experts' research focuses on individual banks, and there are certainly exceptions among the 50 largest banks in the country. Nor do consumers and businesses need to fret about their deposits, which are insured by the U.S. government. And even banks that might technically be insolvent can continue operating for a long time, and could recover their financial health when the economy improves.

Read Article Here:
http://www.iht.com/articles/2009/02/13/business/13insolvent.php