Bank failures to flare up in ’09

How many banks will fail this year? No one knows of course, but the answer is many. So far in 2009, we’ve already had three, putting us on a one-per-week pace. That could mean a doubling of last year’s tally of 25, and only slightly less than the total number of failures heretofore over the entire decade (57).img src=”” height=”1″ width=”1″/