Three regional banks were closed by regulators on Friday evening, bringing the 2009 tally to 98. ...
An average of 10 banks have failed per month this year, nearly four times the number that failed in 2008. It's the highest tally since 1992, when 181 banks failed.
Letting small banks fail while protecting big banks means, of course, that the big banks face less competition and get still bigger over time, so they are even more likely in future to be regarded as Too Big to Fail.
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