so far this year, 77 banks have failed. up from 25 in 2008.
according to Elizabeth Warren, Chair of the Congressional Oversight Panel and Harvard Law Professor, states that mid-sized and small banks aren’t even being looked at right now by the government, and that there are lots of commercial real estate loan resets soon to kick in. She stated that the high estimates of defaults on these reset loans are around 60%!!! (skip to 5:15). These happen in 2010, 2011, 2012…
interesting details on some of the 2009 failed banks here
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