Failures of Small Banks Grow, Straining F.D.I.C.

NYTimes.com ^ | 10/10/09 | ERIC DASH

[Kartographer]

A year after Washington rescued the banks considered too big to fail, the ones deemed too small to save are approaching a grim milestone: the 100th bank failure of 2009.

In what has become a ritual, the Federal Deposit Insurance Corporation has swooped down on a handful of troubled lenders almost every Friday, seizing 98 since January alone and putting their assets into the hands of another bank.

[Kartographer]

Matteresses and coffee cans!

[FrankR]

I don't remember in my 64 years any bank failing until this year - the year of obama.

To many symptoms to ignore the disease - obama and his band of communists. Right out of the playbook, destroy the banking system.

"The reason obama is such a lousy U.S. president, is because he's such a good communist." - Mine

[whitedog57]

They were failing under Bush too.

It was the Fed and Congress that created and allowed the destruction of the economy and banking system.

No Democrat can resist giving away free housing and healthcare, no matter what the cost.

Obama is taking advantage of the situation and making it worse, however.

Look at this person’s website:

http://mason.gmu.edu/~asander7/

He has a presentation entitled “Presentation to NAIOP on Commercial Real Estate, July 2009”

Near the end he discusses bank failures. Yes, there were a bunch before now.