The continuing fallout from bad loans made in good years mean even more U.S. banks will fail in 2010 than 2009, despite a recovering economy. That’s the prediction of bank analysts who see as many as 200 institutions closing this year, at a potential cost of more than $50 billion to taxpayers, as risky loans approved in 2006 and 2007 take their toll. And that represents a projected 43% increase in closures from 2009, which saw 140 failures, the most since 1992 when the U.S. was recovering from the savings and loan crisis.
Bank failures to keep rising in 2010, despite GDP rebound
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