2005 is the year of no bank failures

The Wall Street Journal reports today that:
"this [year] marks the first year since 1962 without a bank failure"

that is outstanding and pretty remarkable. a lot of that has to do with riding the mortgage boom of the last few years. however, with housing prices starting to fall in the last few months, i expect 2006 will be a much more difficult year for some banks -- especially those that are not diversified. we can confidently assume that there will, unfortunately, be at least one bank failure in 2006.