| Don't miss a single post; subscribe to my feed! |  |
Last August I wrote a post talking about this study that said 416 banks were in trouble. It seems that the news is much worse about six months later, as the prediction now is that 702 banks, which is one out of every 11 banks in the country, are in trouble. That also includes a [...]
I hadn’t talked about it before, but I guess it’s time to bring it up. On Friday, 5 banks were closed, following the closure of another bank on Thursday, bringing the total to 15 banks in the month of January. At this pace, it will easily beat last year’s number of bank closings, which was [...]
In a recent AP-GfK poll that pretty much got a “duh” response from me, it was reported that 82% of al Americans feel that 2010 will be a better year for their families than 2009, and 72% are optimistic for a good year for the country. That’s pretty strange since almost 67% of people believe [...]
The final financial post of 2009 for Top Finance Blog, and I thought it would be interesting to see what the best and the worst financial news of the year was. There was way more bad news than good news, and to answer the question of which one we want to address first, let’s get [...]
Goodness gracious! When this year began, I never thought that things would get quite this bad. I had predicted 130 banks would close, and we hit that number a couple of weeks ago. Today, that figure has hit 140 banks, and with 10 banks closed over the last couple of weeks, and two weeks to [...]
We’ve finally hit the milestone that I predicted back in September. I said there would be 130 banks closed by the end of the year, and man, if I didn’t hit that with time to spare. It’s the highest number since 1992, and we’ve still got 3 full weeks to go. On Friday, there were [...]
There are now 120 banks that have been closed this year, and that total hits what I had predicted, but not written, back in April when it looked like we were averaging close to 10 closings a month. Still not close to the record, but this isn’t good stuff. It’s the most bank closings since [...]
