"The authorities should make a distinction between cases of alleged irregularity, and of fraud, " says Narongchai Akrasenee, former president of General Finance, who faces a charge linked with his now-closed institution.
This is in line with my prediction that before this crisis is completely over, we will see 500 to 800 bank failures I do not think we will see the last institutionclosed until late 2012 or even 2013.