bank closure

The number of government-aided U.S. banks in danger of failing has grown about 15% in the past six months, The Wall Street Journal has reported. The economy has continued to batter many struggling institutions, with 98 bailed-out banks -- up from 86 in the second quarter -- now at risk.

Lately, it seems that as each week comes to a close, we hear about yet another bank failure. Thirty two banks have failed so far this year, already surpassing the total tally for 2008's bank failures. And there doesn't seem to be a slowdown in sight. Earlier this year, the Federal Deposit Insurance...