Akkam’s Razor

At the very bottom of recent stories announcing the need for expanded staffing at the FDIC by 60%, with an emphasis of recruiting S&L Crisis veterans (WSJ, subscription required), was a sentence stating the following:

There are 76 banks on the FDIC’s “problem institutions” list - which would equate to about 10 expected bank failures this year. About six banks fail per year on average, FDIC officials said.