Bank failures way up

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Sign of the Times – Gold for sale in New Orleans, From Mish

In 2007, there were 3 bank failures in the US.

In 2008, 24 banks failed, or an average of 2 per month.

In 2009, so far, there have been 9 bank failures, or about 2 per week.

3 banks failed yesterday and were seized by the FDIC

FDIC Failed bank list