Now how many ‘bad banks’?
In an April 2008 post titled “Which one’s are the bad banks, anyway?”, I noted that the secretive FDIC list included some 76 institutions. The list is currently at 171. While both of those numbers are less than the total number of bank failures during the Great Depression and the Savings and Loan Crisis, the amount of money in play makes the case as to why this situation is comparable if not worse. Your takeaway should be that there are fewer institutions, holding more assets (and more con
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Tags: Bank, Loan, Money