Bair Says More Bank Failures in 2010 than in 2009

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Statement about Bank Failures at 2:00

By way of context, remember that we've had 133 failures so far this year.

It's nice that she's honest about the situation, but all those Wall Street pukes in the Obama administration, must really, really, hate her, because they make it much harder to return to business (obscene pay and bonuses for failure) as usual in the finance industry:

Bank failures will continue to accelerate into next year despite "some encouraging signs" that things are turning around for the battered industry, FDIC Chair Sheila Bair told CNBC.

There are a lot of people in the Obama administration who want to declare success, and walk away from the "real change" that both the finance industry, and the economy, deeply need.