Last year I predicted 100 bank failures in 2009 and was too optimistic. The final count for the year is 140. After closing seven banks in one day on December 18, the FDIC stopped for the year. Besides not wanting to look mean-spirited for closing a bank over Christmas, surely the staff are exhausted from [...]
Filed under: Banking, Economy, The Ongoing Financial Crisis | Tagged: bank banks failure bankruptcy FHA FDIC | 2 Comments »
