Saturday, January 26, 2008

Bank Failures

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This is a graph (click here to see a larger version) of the number of bank and thrift failures per year since the FDIC was formed. There has already been one bank failure this year. Calculated Risk thinks we won't see a S&L crisis level of failures because banks don't do house mortgages that much anymore--their loans are more for commercial real estate now. Still, I doubt 2008 will be another 1958 as far as bank failures go...

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