As these charts show, Bank failures in 2010 are running double the pace of 2009 . . .
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Charts courtesy of Ron Griess, The Chart Store
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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June 20th, 2010 at 10:07 pm
It would be nice to see charts by size of assets and cost to the DIF.
June 20th, 2010 at 11:30 pm
You can check the graph for cost to FDIC at:
http://portalseven.com/banks/Failed_Banks_FDIC_Cost.jsp
and asset-wise number of failed banks at :
http://portalseven.com/banks/Failed_Banks_List_2010.jsp
June 21st, 2010 at 3:48 pm
Failure Pace Slows ….
If you take the last half of 2009, there were about 100 failures, according to the chart. That’s a pace of around 5 per week. The 2010 trend shows the pace slowing to about 4 failures a week. However, one has no way of knowing the aggregate size of the failures.