Friday, July 24, 2009

Seven banks were closed today. Is that a big number?

I just tweeted this but I am so amazed I have to report it here too.Seven banks failed today. That is more the same number as were reported on July 2. But for a recent history perspective it is quite high.Indeed from January 1 2000 to December 31, 2008 53 banks failed.Data from FDICBank Failing July 24, 2009: 7Bank Failings per year2000 022001

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