Friday, June 5, 2009

Bubbles and Bank Failure Friday

BANK FAILURE FRIDAY UPDATE: Bank Failure #37 - Bank of Lincolnwood, Lincolnwood, Illinois

As faithful readers know, bank failures in the US always seemed to carried out on Friday afternoons. There have been so many regular failures week after week that Friday has jokingly come to be called 'Bank Failure Friday' in many economic blogs. 2009 is off to a record breaking year with 36 failures so far. Updates in red/blue at the top of this post as they come in from the FDIC (click on blue portion to see press release from FDIC).

Meanwhile I have a great youtube clip for your viewing pleasure created by Chris Martenson ( It explains Bubbles and focusing on the housing bubble.


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