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
Category: Credit, Regulation
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
It would be nice to see charts by size of assets and cost to the DIF.
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
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.