gunDriller
4th April 2010, 04:22 PM
http://www.fdic.gov/bank/individual/failed/banklist.html
well, Good Friday was a slow day at the FDIC.
I'm thinking Friday April 9 will be busy. 5-6 at least, keeping up the pace where they average 4 bank closures a week, 200 a year.
That seems like a lot. Then I look at a chart of bank closures from the 1980's, the S&L crisis. They closed 500 to 800 banks some years. Way more than now.
They always said it cost about $500 billion for Savings & Loan bail-outs in the 1980's.
You know, I could swear they're bailing out the same people again, only now the bail-outs are bigger.
and ... Happy Easter ! 8) 8) 8)
well, Good Friday was a slow day at the FDIC.
I'm thinking Friday April 9 will be busy. 5-6 at least, keeping up the pace where they average 4 bank closures a week, 200 a year.
That seems like a lot. Then I look at a chart of bank closures from the 1980's, the S&L crisis. They closed 500 to 800 banks some years. Way more than now.
They always said it cost about $500 billion for Savings & Loan bail-outs in the 1980's.
You know, I could swear they're bailing out the same people again, only now the bail-outs are bigger.
and ... Happy Easter ! 8) 8) 8)