U.S Bank Failures Go To 92


A 92 come the U.S. bank failures so far this year. What began in 2007 with three timid bank failures has spread like wildfire: 25 bankruptcy last year and now the figure climbs quickly to the hundred.

Banks Corus, Bank of Chicago, Lacey Washington and Brickwell Community Bank, Minnesota, closed its doors yesterday at a cost to the Fed than 1,700 million.

The financial crisis claims more victims and no single day that Wall Street will not be shaken by evil hanging over the U.S. banking system. The bank closed last week in Missouri, Illinois, Iowa and Arizona. In the coming months further falls are expected in large part by the sharp decline in housing prices and high unemployment which stands at the highest since 1980.

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