77 bank failures this year

[Martinghoul]

You have to be aware of the key difference between then and now...

102 bank failures that have occurred in the last 2 years have cost the FDIC depositor insurance fund 25% of assets.

747 financial institution failures between 1989 - 1995 have cost the FDIC depositor insurance fund 19% of assets.

FDIC ins fund is now at $13bn and there's 300 banks still on the problem list.

Extrapolate away...

(Source for numbers is the WSJ).

 

[wildfirepow]

Quote from Martinghoul:

You have to be aware of the key difference between then and now...

102 bank failures that have occurred in the last 2 years have cost the FDIC depositor insurance fund 25% of assets.

747 financial institution failures between 1989 - 1995 have cost the FDIC depositor insurance fund 19% of assets.

FDIC ins fund is now at $13bn and there's 300 banks still on the problem list.

Extrapolate away...

(Source for numbers is the WSJ).

I agree, in 1989 banks were small. Now the small banks have become giant banks in terms of assets and valuation.