Daily Archives: November 23, 2010

Meredith Whitney: 41 Million Americans to Un-Bank by 2015

But Whitney notes that problem banks are far from the only problem. The ranks of the unbanked will rise to 41 million households in 2015 from 30 million now, she says, as bankers reconsider the costs and benefits of all manner of products.

http://finance.fortune.cnn.com/2010/11/23/whitney-sees-5000-bank-branches-closing/

Food Stamp Participation And Energy Prices Soaring In California

In San Bernardino County, for example, with its population of two million the number of SNAP recipients has now crossed the 300,000 level. Yes, a full 15% of that county is now on food stamps.

http://www.businessinsider.com/poverty-soars-in-california-2010-11