Bank failures and the FDIC

Something I found interesting in the LA Times (I'm about to cancel my subscription, the Sports page is the only worthwhile part of this paper): "Thanks largely to the housing bubble, not a single U.S. bank or thrift failed from June 2004 through February 2007, the longest collapse-free stretch in the FDIC's 75-year history. But three banks went under this year, 15 have folded this year, and the FDIC has warned of more failures in the coming years." Mike's note: at year end 2008 25 total banks wound up failing.