Saturday, September 4, 2010

Troubled Banks Hit an All-Time High

This is another indication we still have malinvestment in the economy. Business Insider's Chart of the Day notices that, according to the FDIC, the number of troubled banks insured by the FDIC reached an all-time record in June.

Notwithstanding significant increases in quarterly earnings compared to a year ago, the number of "problem banks" continues to grow.  Despite Bernanke's massive liquidity injection, for much of the banking industry things have continued to get worse.

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