US bank failures increasing exponentially

Canadian Silver Bug has pointed out something interesting:

I just noticed that the several banks when under last Friday and I decided to go to the FDIC home page and get a total count for the year. While I was there I decided to look at other years failures to point out the trend and this is what I found

2007 1 lone failure
2008 24 failures
2009 9 already and its only Feb 9th

If this trend continues at only the average of 4.5 every month we could be heading for over twice last years failures, however if we go with the higher number of 1.5 banks a week so far this year we are looking at 78 failed banks.

Of course, they have the FDIC, and they'll have no choice to bail it out, but how long can this go on? There's just too many things that they have to spend money on. The increasing indebtedness of the US should, by rights, have seriously weakened their currency by now, but so far it has not; the US dollar is holding its own against most currencies. Perhaps it's because the rest of the world depends on the US dollar retaining its value, though that can't be relied upon to continue. After all, all it takes is for some large economy to think that other large economies are about to unload their dollars, and the fan will be hit by a larger chunk of shit than has already hit. (Where's Jim Lahey when you need him anyway?)

If nothing else, this might put a stop to America's foreign military adventures for a little while. On the other hand, it could just as easily drive them to try harder...