Friday, July 24, 2009


Could be an exciting one!!!

NEW YORK, July 24 (Reuters) - Guaranty Financial Group Inc
(GFG.N), the second-largest publicly traded bank in Texas, said
it will probably fail after loan losses and writedowns left it
"critically" short of capital.

The Austin-based lender has about $16 billion of assets and
more than 150 branches in Texas and California, according to
its website.