106 Bank Failures in 2009
There have been 158 bank failures since 2000. Over nearly 10 years 6 bank failures per year was the norm. In 2009 the FDIC has closed 106 banks through October 23rd. That's 67% of the failures in the past 10 years. 25 banks failed in 2008. This economic crisis is responsible for 131 of 158 bank failures...83% of all failures since 2000.
Although we're seeing a lot of good news in the media, good economic reports, a dow near 10,000, the FDIC is still on a warpath. When will it end???







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