FDIC Friday brought the closing of 7 more banks, bringing the list to 106, the most since 1992 and there is still 2 more months to go through.
Bank failures hit 106 for year; many more are weak
All this goes on while the banks and the government get and make more money.
2009 US economy: largest transfer of wealth to financial/political elite in global history.
I think I’ll be looking at bank and dollar and interest rate ETFs for some action today: TBT UUP UYG XLF. Futures were up overnight but began to weaken as the spotlight turned to European, and now, U.S. markets.
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