U.S. Bank Failures
No, it’s not a bubble, it is the cumulated number of failed U.S. banks (mostly regional banks, excluding the likes of Lehman Brothers and Bear Stearns) since the onset of the financial market crisis as listed by the FDIC. The green shoots which have been popping up on the seas more and more often recently are in fact the rotting carcasses of U.S. regional banks which have come belly up. The graph does not look like it will level off soon – bank defaults will become even more common in the upcoming months.
Posted: July 23rd, 2009 under International.
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