Nouriel Roubini

About half of the 800-plus troubled small and medium-sized US banks (roughly 400 banks) will fail in the following few years.

Inaccurate ●●●●●
“The biggest banks have been backstopped, but 800-plus small- and medium-sized banks in the US remain on the critical list and half of those will go bust.”
Said on
3 September 2010 · Remarks reported by CNBC, September 2010
Source
More than 400 US Banks Will Fail: Roubini · CNBC
Should come true
No date given
How sure they sounded
will go bust
Categories
BankingEconomy
Importance
3 of 5 · Hundreds of bank failures would matter to the US banking system and deposit insurance fund.

Outcome

Inaccurate

Inferred window: about four years (to end-2014). The FDIC list shows about 157 failures in all of 2010, 92 in 2011, 51 in 2012, 24 in 2013 and 18 in 2014, so roughly 225 or fewer failures after September 2010, well short of about 400. The FDIC problem-bank list shrank mostly through recoveries and mergers rather than failures.

Evidence:

History
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