Unlucky 7 Banks Fail Before Christmas 140 Total So Far
The total so far? 16 banks failed in December 2009 and we have a week to go.
With a few days remaining in 2009, the tally stands at 140 banks that were not big enough to save. The line, ‘They are too big to fail’ was used to bail out banks who had connections with those in power. See our Connecting the Dots of the Bank Failures Here.
Consider- 25 banks have failed in two months – FDIC is broke. It appears people are wiser to deal with smaller local banks. Happy New Year.
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