The FDIC released its Quarterly Banking Profile for the 2nd quarter of 2010 today, and listed 829 banks as “problem” banks, up from 775 in Q1. (Full Story at Calculated Risk).
And here’s a nice chart put together by the Calculated Risk guys as well, showing the ebb and flow of problem banks since 1990. Despite an epic stock market rally, the bull market in problem banks is alive and well!
Source: Calculated Risk
As the next wave of deflation sinks its teeth into the remains of our teetering economy, it seems inevitable that the FDIC itself will need a bailout at some juncture.