Written by Updated: December 2, 2011 VN:F [1.9.11_1134]please wait…Rating: 0.0/5 (0 votes cast)
The Face of Bank Failure in America
Bank failures have reached 87 for 2011. This number is rather low compared with previous years since the banking crisis began in 2008. The year 2010 saw 157 failures and 2009 saw 140. When you compare 2011 with prior years you could say that things are getting better. Though, 87 banks crashing in 11 months are not saying much.
Bank failure is being seen all over America. The dollar amount attached to the bank failures for this year alone equals $2000 for every man, woman and child in America.
Are bank failures becoming routine or are we becoming complacent?





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