Tuesday, August 19, 2008

Ex-IMF economist sees large U.S. bank collapsing: report

By Steve Goldstein
Last update: 4:34 a.m. EDT Aug. 19, 2008
Comments: 1
LONDON (MarketWatch) -- Kenneth Rogoff, the former chief economist of the International Monetary Fund, reportedly said Tuesday that a large U.S. bank will collapse in the next few months. "We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks," Rogoff told a conference in Singapore, according to a Reuters report. End of Story

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