The only thing which will stop bank failures from rising in 2009 is 12:00:01 am, January 1st, 2010:
Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of U.S. bank failures this year as loan defaults rise in the worst financial climate in decades.
Its. Not. Getting. Better.
Someone please advise Obama of this cold, hard reality.
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