FDIC Trouble bank list still lower than 1980's and early 1990

Back in May there were only 90 institutions that were on the FDIC Trouble bank  list , this number could increase when the latest readings are read in August, but they are still lower than they were in the 1980s and in the early 1990.

Despite the recent collapse of IndyMac, analysts maintain that the banking system is still in better shape than it was during the S & L crisis.

CNN Money said that there will not be nearly as many bank collapses as there were in the late 1980's and early 1990. In 1989, 534 institutions have failed, it was just before the summit of the savings and loan crisis. During this period over 1000 institutions have closed shop.

IndyMac is the fifth bank to fail this year, it shows that things are not like they were back in the 1980's and early 1990.

However, one thing we must remember, the failure of IndyMac is the largest collapse of an FDIC insured institution since 1984. The bank had assets of 40 billion dollars and with the current Fannie Mae and Freddie Mac problems, which the current period is set to be costly.

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