I think it’s worth noting that two more banks were added to the FDIC’s Failed Bank List last Friday.  Since September 2007, there have been an incredible 124 bank failures. (This number doesn’t include de facto failed banks that the FDIC does not take over, like Wachovia).  In comparison, there was one bank failure between September 2004 and September 2007.

Despite these stark numbers, there’s some suggestion that the FDIC isn’t closing banks fast enough.  Yikes.

-Michael