Banks Are Still Having Issues..

Banks Are Still Having Issues…

One of the biggest issues with today’s slow moving economy is the lack of lending from banks. Unfortunately, the banks still seem to be in trouble. Bank closings by regulators in 2010 are outpacing closings from the previous 2 years. This year alone, 143 banks have been shut down – more than in 2009 – and we still have two more months left in 2010. Compare this to 2007, when only 3 banks were shut down.

Praxis Fund

One of the biggest issues with today’s slow moving economy is the lack of lending from banks. Unfortunately, the banks still seem to be in trouble. Bank closings by regulators in 2010 are outpacing closings from the previous 2 years. This year alone, 143 banks have been shut down – more than in 2009 – and we still have two more months left in 2010. Compare this to 2007, when only 3 banks were shut down.

Praxis Fund

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