Friday, November 13, 2009

Failed banks rose to 119

Don't feel bad if you're short on funds because some banks have insufficient funds too. Because of the crippled economy and increasing loan defaults some banks were forced to close. As of September 2009, the number of banks that have failed reached 89. As of November 6, 2009 the number of failed banks rose to 119. The Federal Deposit Insurance Corporation has a list of failed banks and their contact information.

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