Implode-o-meter update


The fine folks at the implode-o-meter sites have been keeping track of companies that have imploded during the ongoing credit crisis.

Mortgage Lenders
. 236 since late 2006.
Home builders. 22, since late 2006 (“plus 15 additional tiny implosions”)
Hedge funds. 32 since mid 2007.
Banks. Only a few so far, but we’re just warming up here. “There will be some bank failures” – Ben Bernanke, Feb. 2008.

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