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Free Web Press - Breaking News -Written by Mike Jaeger LiveFree Web Press - Economic News - More FDIC Banks Fail Than Succeed, Since March 2003.
At the end of March, 2003 America had 9,314 FDIC insured banking and lending companies. By the end of March, 2010 America had only 7,932 FDIC Insured banks and lenders. This is more than a 15% decrease over seven years. Population grows, yet many banking and finance companies fail.
Does the big media cover this news? Who owns big media?
Please review my data from the FDIC website.
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