"The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation's housing and credit markets continue to worsen. The FDIC is looking to bring back 25 retirees from its division of resolutions and receiverships... There have only been four bank failures in the past 12 months, a rate the FDIC has easily been able to handle. Regulators are bracing for well over 100 bank failures in the next 12 to 24 months..."
Full story at this Wall Street Journal article.