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Is The Current Recession's Bank Closings, Making The U.s. "green" Again?
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Jan 20 2012 11:50 PM | eds in Ed's Articles
One of the most significant aspects of the Great Depression in the
. . . United States was the erosion of confidence in the banking system.
In all, 9,000 banks failed during the decade of the 30s.
. . . It's estimated that 4,000 banks failed during the one year of 1933 alone.
It is the longest and most severe depression experienced by the U.S.
. . . Its social and cultural effects were staggering.
People did all the things, we think of today as being "GREEN,"
. . . It was called "SURVIVAL?"
FDIC BANK Closings
. . . 2007 . . . . 3
. . . 2008 . . . 25
. . . 2009 . . .140
. . . 2010 . . .157
. . . 2011 . . . .92
. . . 2012 . . . . .3
. . . . . . . . . . -----
TOTAL . . . . 420
Bank closing in Jan.
State . . Bank Name
------- -----------------------------
FL . . . Central Florida State Bank
GA . . . The First State Bank
PA . . . American Eagle Savings Bank
I intend these announcements to be a positive thing .
. . . When you see the FDIC closing a bank,
. . . capital is no longer bring wasted and
. . . tied up in failed enterprises.
. . . It is a sign of an economy trying to recover.
. . . United States was the erosion of confidence in the banking system.
In all, 9,000 banks failed during the decade of the 30s.
. . . It's estimated that 4,000 banks failed during the one year of 1933 alone.
It is the longest and most severe depression experienced by the U.S.
. . . Its social and cultural effects were staggering.
People did all the things, we think of today as being "GREEN,"
. . . It was called "SURVIVAL?"
FDIC BANK Closings
. . . 2007 . . . . 3
. . . 2008 . . . 25
. . . 2009 . . .140
. . . 2010 . . .157
. . . 2011 . . . .92
. . . 2012 . . . . .3
. . . . . . . . . . -----
TOTAL . . . . 420
Bank closing in Jan.
State . . Bank Name
------- -----------------------------
FL . . . Central Florida State Bank
GA . . . The First State Bank
PA . . . American Eagle Savings Bank
I intend these announcements to be a positive thing .
. . . When you see the FDIC closing a bank,
. . . capital is no longer bring wasted and
. . . tied up in failed enterprises.
. . . It is a sign of an economy trying to recover.
