Author Topic: Bank failure tally tops 84  (Read 419 times)

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Offline thundley4

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Bank failure tally tops 84
« on: August 30, 2009, 04:50:19 PM »
Quote
The number of bank closures this year continues to grow as the fallout from the housing crisis and unemployment take a toll on local financial institutions.
NEW YORK (CNNMoney.com) -- Regional banks in Maryland, Minnesota and California were closed by regulators Friday, bringing the total number of failed banks this year to 84, the Federal Deposit Insurance Corporation said.
*snip*
A bad year. With Friday's closures, the number of banks shut this year is more than three times the number of banks that failed in 2008, and it's the highest tally since 1992, when 181 banks failed.
CNN Money

0Bama has 4 months left to beat that 1992 record, I think he can do it.