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Bank Failure 100 Is Near

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"It is only a matter of hours before the 100th bank failure of 2009m" the Wall Street Journal notes. "Although the 100th bank failure of 2009 is considered by many to be an arbitrary milestone, it underscores the devastation that continues to sweep the financial-services industry."

"The pace of failures is "going to go at a pretty good clip through 2010," Federal Deposit Insurance Corp. Chairman Sheila Bair said earlier this month, adding that she didn't expect failures to reach the levels of the savings-and-loan crisis."