Banks Crash? Economic Contraction? 123 bank failures in 2009 vs 25 for 2008

The failed bank list on the Federal Deposit Insurance Corp.'s web site is long, very long. If 2008 was the year of the financial crash what is 2009 with 123 bank failures, and still counting?

No wonder the Federal Deposit Insurance Corp has to replenish its fund to cover the losses- from the banks that are still in business.

Posted by The Deflation Times Filed in The Economy Created: December 1st, 2009

2 Responses to “Banks Crash? Economic Contraction? 123 bank failures in 2009 vs 25 for 2008”

  1. 2009's Failed Banks Tally: 139 | http://www.thedeflationtimes.com Says:
    December 30th, 2009 at 7:59 pm

    […] our last post about failed banks an additional 13 banks failed during the month of December. Total bank failures for 2009: […]

  2. 2009’s Failed Banks Tally: 139 « The Deflation Times @ Wordpress.com Says:
    December 30th, 2009 at 9:10 pm

    […] our last post about failed banks an additional 13 banks failed during the month of December. Total bank failures for 2009: […]

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