“What hasn’t abated is the elevated number of banks on the FDIC’s super secret problem list. After jumping from 76 at the end of 2007 to 252 at the end of 2008 to a high of 888 at the end of the March 2011, the number has stayed stubbornly high, with 772 still on the list at the end of March of this year. More than 280 banks have been closed since the end of 2009, yet the number of problem banks has increased by 70 since then. The problem banks aren’t getting any healthier, and more banks are getting sicker.”
http://whiskeyandgunpowder.com/separating-the-banking-wheat-from-the-chaff/
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