2009's Failed Banks Tally: 139

Since our last post about failed banks an additional 13 banks failed during the month of December. Total bank failures for 2009: 139.

What will 2010 be like for banks?

As credit-card delinquencies continue to rise banks, like Bank of America, need cash as credit card losses continue to build. But not to worry because H.R. 4173, a House bill introduced by Barney Frank, will support the biggest banks with $4 Trillion gift, from the taxpayer.

 

Posted via web from deflationtimes's posterous