Saturday, January 17, 2009

The accelerating trend of bank failures

Per the FDIC website here is the number of Bank Failures since the year 2000. Remember, this list does not include those banks that were bailed out when they were technically insolvent.

Year/Bank Failures

2000 - 2
2001 - 4
2002 - 11
2003 - 3
2004 - 4
2005 - 0
2006 - 0
2007 - 3
2008 - 25

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