commonsense
Well-known member
http://money.cnn.com/2009/09/25/news/economy/bank_failure/index.htm
The 95 banks that have failed so far this year, an average of more than 10 per month, is nearly four times the number of banks that failed in 2008. It's the highest tally since 1992, when 181 banks failed.
This year's failures have reduced the FDIC's insurance fund to $10.4 billion from $45 billion a year ago. However, the agency has said it has $42 billion available for bank rescues over the next 12 months
The 95 banks that have failed so far this year, an average of more than 10 per month, is nearly four times the number of banks that failed in 2008. It's the highest tally since 1992, when 181 banks failed.
This year's failures have reduced the FDIC's insurance fund to $10.4 billion from $45 billion a year ago. However, the agency has said it has $42 billion available for bank rescues over the next 12 months