CNBC reported this morning that FDIC Chair Sheila Bair is confident that the worst of the bank failures is yet to come. Her statement came with news that the big money center banks are racing to repay TARP funds. Of the 133 bank failures since the beginning of the crisis, very few are household names-something to be thankful for. When compared to the 1000 plus failures during the 1980s S&L crisis, 133 pales in comparison.
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