There are still a number of misconceptions with regard to the volume and the causes of most commercial bank failures in the US after the financial crisis. Here are a couple of facts that some may find helpful: 1. Although 2008 saw some spectacular bank…
Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy
By William K. Black (Cross posted at Benzinga.com) Only theoclassical economics constantly recycles variants of its worst ideas that have proven disastrous when they have influenced policy. Other fields advance because they embrace the scientific method. Theoclassical economists repeat their … Continue reading →
Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy
It may now be time to cross that red line and force some bank bondholders, even senior bondholders, to take losses. Throughout the now five-year-old…
Regulators close small bank in Alabama, makes 24 US bank failures so far in 2012Washington PostWASHINGTON — Federal regulators have seized a small bank in Alabama, bringing to 24 the number of US banks that have failed so far this year. The Federal D…
CNBC.comFed Hawk and Dove Agree: No More EasingCNBC.comTwo top Federal Reserve officials — one with a dovish, employment-focused bent, and the other a self-avowed inflation hawk — on Monday both said they see no need for the US central bank to ease…
Community Banks – Some Will Fail, So Buy With CareTheStreet.comBy Richard Suttmeier 04/30/12 – 11:32 AM EDT NEW YORK (TheStreet) — Bank failures have slowed so far in 2012, but the process is not over as five banks were shuddered by the FDIC last Frid…
Problem Bank ListFDIC shuts down 5 banks in 4 states, makes 22 US bank failures so far in 2012Washington PostWASHINGTON — Federal regulators have closed two banks in Maryland and one each in Minnesota, South Carolina and California, bringing to 22 th…
We want to trust in the financial stability of our bank. After all, most of us have money in these institutions.
In spite of our wishful thinking, the tide of bank failures h…
