BANK FAILURES DECLINE IN 2011

There’s not a lot of good news out there these days, but one bit of welcome news is the trend in bank failures.   2011 is showing a distinct improvement in the cumulative number and size of bank failures in the USA.  The Economist says the size of the banks failing are half the amount of the average failure just last year at $430MM vs $867MM last year.  Most importantly, maybe (just maybe) this is an excuse for Ben Bernanke to stop worrying so much about his slave masters at the big banks.  But probably not.

Source: The Economist

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Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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