98 American banks that received $4.2 billion in bailout money are teetering on the edge of collapse, according to the Wall Street Journal.
In Q2 the number of unsound banks numbered 86; the increase to almost 100 institutions – most of which are smallish banks with about $439 million in assets – comes as a result of decreasing capital and more bad loans.
Full story: A Ton Of Bailed-Out Banks Are On The Brink Of Collapse