We're not here to talk about annual rate of turnover, now were we? As far as restaurants go, I didn't know there were any "too big to fail" eateries that enjoyed special protection!
Since traversed to restaurants, this ditty tonight from Drudge: Fedsâ push to seize restaurant http://www.signonsandiego.com/news/2010/apr/25/feds-push-to-seize-restaurant-a-rare-one/
I am not doing any twisting here... It's a simple fact that, in our current system, large institutions that are perceived to be systemically important by the authorities are not risky businesses. In fact, they are deemed to be providers of an important public good; specifically, the stability of the international banking system.
Regulators shut down 3 banks in Puerto Rico, 2 in Missouri, 1 in Michigan; makes 63 this year "The number of bank failures likely will peak this year and will be slightly higher than in 2009, FDIC Chairman Sheila Bair said recently. As losses have mounted on loans made for commercial property and development, the growing bank failures have sapped billions of dollars out of the deposit insurance fund. It fell into the red last year, hitting a $20.9 billion deficit as of Dec. 31. The number of banks on the FDIC's confidential "problem" list jumped to 702 in the fourth quarter from 552 three months earlier, even as the industry squeezed out a small profit. Still, nearly one in every three banks reported a net loss for the latest quarter. The FDIC expects the cost of resolving failed banks to grow to about $100 billion over the next four years." http://finance.yahoo.com/news/Regulators-close-banks-in-apf-1507617949.html?x=0