Sunday, October 4, 2009

Bank Failures 1991 and Now

Below is a good read on the 1990's S&L banking crisis. Summary, 1043 lending institutions went belly up, they were holding around $519B in assets, and the tax payer ended up taking a hit of around $150B.

Recently failed banks are around 100. They are bigger in size compared to 1990, and in 1990 there was something like 12000 banks, now from memory its about half that.

Failed bank list is one of my permanent links on the right side column of my blog.

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Insightful and Useful Comment!