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Sunday, December 12, 2010

Bank Body Count

There were two more banks down this week:

- Paramount Bank, Michigan
- Earthstar Bank, Pennsylvania

That brings to 151 the 2010 bank body count. Commenting on the total, FDIC head Sheila Bair said: "The 2010 total is a little disappointing, but we do expect a whole bunch more next year. On the bright side, we have eliminated some of the worst named banks in the country in the last couple of years."

Oh, ok, she didn't say that, I made it up.

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