Sometimes it’s hard to report on the absence of something; news is biased toward action, not inaction.
But it’s worth noting that the FDIC has shut down only three banks nationwide in August and September combined. Click here for the full list of failed banks.
The pace of failures has been declining for a couple of years, and the unofficial problem bank list (the official one is not public) has declined to 886 from 984 a year ago.
I haven’t seen any really great analyses of these recent trends, so please post relevant links in the comments.
It seems pretty obvious, however, that the worst of the banking crisis is behind us. Unless the FDIC accelerates closures dramatically, the vast majority of the 886 troubled banks — including the 69 in Georgia — will survive.
With home prices apparently having bottomed out and with short sales increasingly replacing foreclosure sales, banks are steadily cleaning up their balance sheets. Zillow, which has a pretty good record to my mind, predicts that the July Case-Shiller home price indices will show year-over-year gains of over 1 percent.