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U.S. bank failures hit 18-year high in '10
"The number of U.S. bank failures hit an 18-year high in 2010 and 2011 could be another bad year, figures from federal regulators indicate.
The Federal Deposit Insurance Corp. reported 157 banks failed this year, up from 140 in 2009 -- and the largest number since 1992, when the economy was straining under a crisis precipitated by a series of savings and loan scandals, The Washington Post reported Tuesday.
As of Sept. 30, there were 860 banks on the FDIC list of so-called problem banks -- which face threats to "continued financial viability." That's the largest number since 1993"
Just read the post Hell and the Economy and you will see with 100% accuracy from the May 15th Prophecy written at LastDayWatchers