Eighty-four banks have fallen so far this year as tumbling home prices and spiking unemployment pushed loan defaults upward. That's the largest number in a year since the early 1990s, at the apex of the savings and loan crisis. It compares with 25 bank failures last year and three in 2007.
Saturday, August 29, 2009
Meltdown 101: Why banks' struggles have worsened
The AP reports: