Over 30 Banks Seized By Regulators This Year; 58 Seized In 2008
Regulators have seized 58 banks since the start of 2008 and 33 since May of this year. Over half as many banks have already failed this year and the year still continues. Many analysts believe that there will be additional pressure placed on banks in the next couple years. Commercial Real Estate, 1st and 2nd lien Mortgages, and Commercial/Industrial Loans are on the top of the list in terms potential losses. While "Stress Tests" were done on the top banks that were "too big to fail", other small banks were left out of the picture and it is these banks that will get hit hard in the years to come potentially adding to the already large number of banks that have failed.
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