With today’s (well, yesterday’s) five closings, the total of failings of U.S. banks since March of last year to 69.
Of those, slightly more than 20% (14) are from the state of Georgia. Excepting the much larger California, there have been more failings in Georgia than in any two other states combined.
Also as a matter of record, the 69 failings since last March constitute more than 70% of the 97 failings since October of 2000. So, in round numbers, 15% of the time accounts for 70% of the failings.
Bubbles beget bubbles. Anyone find anything more to it than that?