James Wesley:
On Friday, eight more banks were closed according to this article.
I did a little research and found out that so far this year, 50 banks with total assets of approximately $30.4 Billion (you have to add the numbers up in the total assets column) have failed according to this site.
By this date last year (April 17, 2009) 25 banks with $12.5 Billion in assets had failed according to the companion site. How’s that “hope and change” working for you? This could be a record year if the pace keeps up. – S.M.