It had to happen eventually. The closing of a Florida bank and 6 others on Friday by the FDIC brought this year's number of bank failures to 106 . There have been a total of 130 failures since the beginning of 2008. Even so the number of failures has not reached the number of failures in the 1980s S&L crisis.The savings and loan crisis in the 1980s and 1990s saw the failure of 745 savings and loan associations (Source : Wikipedia)
The Wall Street Journal has published a helpful chart from the FDIC which presents a geographic distribution of failed banks.
Since the beginning of 2008 no structured annuity issuer has been taken over by a state insurance department.
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