Banks: It’s still not over, but nearly.
October 17th, 2014 by Rick DrainThe FDIC having to close failed banks may seem like– ok, it is– old news, but it is still happening. It’s not above-the-fold news, though, because failures now are small, few, and far between.
They closed another today, costing the FDIC insurance fund a mere round-off error of $24 million added to $90 billion total.
More interesting, until today we’d had the longest gap, 12 weeks, without a failure since 2008. That’s worth noting as good news.
Yipes. This is the newest post, 2014-10-17. The others a few minutes ago are older blog posts just now sent to FB by an artifact of trying to configure a WordPress plugin.