Sunday, November 23, 2008

THREE more banks failed on Friday

Three more banks failed on Friday with a combined 214 branches.

The total is now at 22 for the year. Wondering how this rates for the past 8yrs? check out this list.

Here are the number break downs:

2000 - 2 banks
2001 - 4 banks
2002 - 10 banks
2003 - 3 banks
2004 - 3 banks
2005 - 0 banks
2006 - 0 banks
2007 - 3 banks
2008 - 22 banks


Check out http://www.fdic.gov/bank/individual/.../banklist.html (sorry the embedded link isn't working) to see the banks that have failed since 2000.

Don't forget about CITIBANK who is going under as of today (I believe). Will the Fed bail them out? Tomorrow should be interesting! I hope everyone has been preparing for hard times. They are HERE!

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