The worst is behind us

Mark Perry shares some facts:

Number of bank failures this year so far: 45

Total Assets of the 45 failed banks: $36.965 billion

Total Bank Assets of All 8,246 FDIC-insured banks: $13.542 trillion

Failed Bank Assets as a Percent of Total Bank Assets: .27% (or about 1/4 of 1%)

Bottom Line: The worst of the banking crisis is behind us, the percent last year was 2.69%.