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September 04, 2009
Banking crisis?
I guess that depends on what you call a crisis:
If you find it too small to read, it says: It's true that bank failures have risen sharply in the past two years. But this is by no means the worst period ever. Indeed, the 82 banks that have failed so far this year pale in comparison to the average 329 failures each year from 1986 through 1992. That was the biggest surge of failures ever, dwarfing even the 51 a year during the Great Depression. No question, banks are troubled right now. But it's not a "collapse," as some have described the situation.
It also gets bigger if you click it.
I found that little goodie at IBD Editorials.com, where I seem to find a lot of good things.
Posted by LindaSoG at September 4, 2009 09:33 PM
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Comments
Could it be that some crises are manufactured to implement an agenda? Naw, can't be, we can trust Congress, why they've got the best money can buy.
Two men were sentenced to life terms this year for doing the same thing, Christopher Dodd and Bernard Madoff, that folks is justice!!!
Posted by: Jack at September 5, 2009 11:55 AM