Banks Keep Failing...No End In Sight.
http://online.wsj.com/article/SB10001424052748704760704575516272337762044.html?mod=googlenews_wsj
279 banks have collapsed since Sept. 25, 2008.
Federal Deposit Insurance Corp. increased its number of problem banks by 6% to 829
Of the failed banks since February 2007, 75 were formed after 1999 (After Deregulation)
The recession and collapse of the housing bubble have cut bank-industry employment by 188,000 jobs, or 8.5%, since 2007, according to FDIC data. Failures alone have cost 11,210 jobs, or 32% of the employees at failed banks.
The big banks all get bailed out with executives cashing in record bonuses. Meanwhile the little banks all get boarded up.
279 banks have collapsed since Sept. 25, 2008.
Federal Deposit Insurance Corp. increased its number of problem banks by 6% to 829
Of the failed banks since February 2007, 75 were formed after 1999 (After Deregulation)
The recession and collapse of the housing bubble have cut bank-industry employment by 188,000 jobs, or 8.5%, since 2007, according to FDIC data. Failures alone have cost 11,210 jobs, or 32% of the employees at failed banks.
The big banks all get bailed out with executives cashing in record bonuses. Meanwhile the little banks all get boarded up.
posted by res17 at
September 27, 2010
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