Illusional Delusion

Banks in Oklahoma, Florida, Ohio and New Jersey fail, at an estimated total cost to the FDIC Deposit Insurance Fund of $215.7M, making for a total of 68 failures in 2009.

69 for 7 months, roughly 120 per year, but noting that it picked up most of its pace now, it might be 150+ for 2009 by 2010. Either way, 69 by today is still a very bad reflection of the state of affairs.