And I still don't undertand why they take so long to process the short sales...

Amen Gene R  -  isn't governement lovely.  Awesome work James McCormack - do a blog of your own - please.

Hi Matt,  Certainly seems like we are witnessing some of the fallout associated with the banking crises.  And more to come before we see the end.

Matt,

Where will  it all end.  In Winston Salem NC, we have some very strong banks, but a few years ago, one of our most conservative banks, Wachovia, was "Merged" .., all the people inside the bank changed but kept the "Good Name, Wachovia...a symbol of strength and conservative banking.   Now, the changed bank (Wachovia) is been bought out by Wells Fargo because it was failing....   Where does it all end.

How is that this was not the leading story on every local newscast? Have we become immune to banks failing? But the most on 1 single in US History?  Wow!!

I'd like to know how the 115 failures in the most recent five year period compares to the number of failures (maybe as based on a percentage of the total number of banks) during the five years from 1929 to 1934.

James (Mc Cormack) - Thanks so much for your comments and research.  I will be bookmarking the sites you mentioned.

Lane, nice stats you added. My concern is that the banks we have left are all buying eachother to yet again become "too big to fail"...

Shelly Whitworth
www.MorSystems.om

Lane - thanks for your input.  I just wish we could go back to the old days of selling and listing houses and NOT worrying about the banks..... Dream on.....

Lane - thanks for your input.  I just wish we could go back to the old days of selling and listing houses and NOT worrying about the banks..... Dream on.....

Oh, no! Not the San Diego National Bank. Not that I know who they are, or were....

And at least 1 of them was one of the ones we bailed out!

I think of the song sung at parties ... and many more

Just think of all the real estate that will be for sale as a result of these failures. Real estate agents should be looking to develop relationships with those entities that will get to sell the real estate assets secured by those failed banks. Now is the time to get your investors geared up to buy a lot of real estate at great discounts.

I love the comments made by Patrick Scott above.  Let's not be shocked that our GOV'T continues to help out the big guy.  We have been talking about the problems facing the small and mid-size business' for years and yet continue to march down the wrong path ~ Brad

Yikes, 2 in Illinois.  They were rinky-dink banks but none the less they add to the statistics.  Good post.

Great post Matt!  And great comments.  101 closing sounds like and is a lot but certainly not compared to the figures Lane gave in his comments or even more so the 1930 figure of 1352 that Mike Luzzo reported.  And I wonder percentage-wise what we are actually talking about compared to back in the 30's.   

Thanks Matt,

DeeDee 

And the big bad wolf banks huffed and puffed and blew the little piggy banks house down!!

Boulder City Steve

Wow Matt. How times have changed. We need to be careful the way that we do business.

I think it is fortunate that only 115 banks have failed this year. I would have expected more.