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Bank Failure Rate Keeps Accelerating

|Includes:KBE, SPDR S&P Regional Banking ETF (KRE), XLF

The following graph from  The Chart Store via Barry Ritholtz and  The Big Picture tells the story.

Click to enlarge

Almost 50% more banks have failed so far in 2010 than the same period in 2009.  Accelerating indeed! 

 



Disclosure: No positions.
Stocks: KRE, KBE, XLF