T Nation

Anyone Care About the Bank Failures?

"U.S. regulators close 3 more banks; 2011 total 61

The FDIC estimated the cost of the three failures to the Deposit Insurance Fund would be $253.4 million.

[quote]Headhunter wrote:
"U.S. regulators close 3 more banks; 2011 total 61

The FDIC estimated the cost of the three failures to the Deposit Insurance Fund would be $253.4 million.

http://www.marketwatch.com/story/us-regulators-close-3-more-banks-2011-total-61-2011-07-30

[/quote]

You do realize that this is a tiny fraction of the bank closings during the Great Depression.

[quote]ZEB wrote:

[quote]Headhunter wrote:
"U.S. regulators close 3 more banks; 2011 total 61

The FDIC estimated the cost of the three failures to the Deposit Insurance Fund would be $253.4 million.

http://www.marketwatch.com/story/us-regulators-close-3-more-banks-2011-total-61-2011-07-30

[/quote]

You do realize that this is a tiny fraction of the bank closings during the Great Depression. [/quote]

Not clear. Aren’t we in a Great Depression?

Wa Mu Was the largest bank failure in US history.

[quote]Headhunter wrote:

[quote]ZEB wrote:

[quote]Headhunter wrote:
"U.S. regulators close 3 more banks; 2011 total 61

The FDIC estimated the cost of the three failures to the Deposit Insurance Fund would be $253.4 million.

http://www.marketwatch.com/story/us-regulators-close-3-more-banks-2011-total-61-2011-07-30

[/quote]

You do realize that this is a tiny fraction of the bank closings during the Great Depression. [/quote]

Not clear. Aren’t we in a Great Depression?
[/quote]

Not yet , it is possible Obama’s actions saved us from the Great Depression :)but the Republicans are trying hard to make it happen :):):slight_smile: