http://www.consumerismcommentary.com/2009/10/26/failed-banks-list/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 22 Mar 2010 14:09:00 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.consumerismcommentary.com/2009/10/26/failed-banks-list/#comment-199668 Jim Tue, 27 Oct 2009 19:12:58 +0000 http://www.consumerismcommentary.com/?p=7506#comment-199668 One thing to keep in mind is that there are about 8000 banks in the country. So 100 banks represents a tad over 1% failure rate. Look at it that way and it helps keep it in perspective. One thing to keep in mind is that there are about 8000 banks in the country. So 100 banks represents a tad over 1% failure rate. Look at it that way and it helps keep it in perspective.

]]> http://www.consumerismcommentary.com/2009/10/26/failed-banks-list/#comment-199649 Flexo Tue, 27 Oct 2009 05:07:46 +0000 http://www.consumerismcommentary.com/?p=7506#comment-199649 It's limitless because the government will just "print more money" if needed... increase the money supply. The FDIC will be the last thing the government will let fail, it's the last sign of faith. The banking system can only operate with public faith in the government to supply money, and that faith is only as strong as the solvency of the FDIC. It’s limitless because the government will just “print more money” if needed… increase the money supply. The FDIC will be the last thing the government will let fail, it’s the last sign of faith. The banking system can only operate with public faith in the government to supply money, and that faith is only as strong as the solvency of the FDIC.

]]> http://www.consumerismcommentary.com/2009/10/26/failed-banks-list/#comment-199645 Laura Tue, 27 Oct 2009 04:31:04 +0000 http://www.consumerismcommentary.com/?p=7506#comment-199645 I am unemployed and looking for Merchant Service Department, Admistrative Support. Know any one in the banking industry. I am unemployed and looking for Merchant Service Department, Admistrative Support. Know any one in the banking industry.

]]> http://www.consumerismcommentary.com/2009/10/26/failed-banks-list/#comment-199639 SingleGuyMoney Tue, 27 Oct 2009 01:39:33 +0000 http://www.consumerismcommentary.com/?p=7506#comment-199639 Unfortunately, banks in my state (Georgia) have been hit particularly hard with bank failures. Unfortunately, banks in my state (Georgia) have been hit particularly hard with bank failures.

]]> http://www.consumerismcommentary.com/2009/10/26/failed-banks-list/#comment-199634 Kyle Mon, 26 Oct 2009 20:41:41 +0000 http://www.consumerismcommentary.com/?p=7506#comment-199634 I think you are right about not worrying too much about the FDIC running out of money. I don't like when people say things like limitless though. Somebody has to fund that line of credit if they ever have to use it. Last I checked the US tax payers were already funding the banks, the auto industry, and the real estate industry in other forms so it would kind of hurt if we had to start funding the FDIC too. I think you are right about not worrying too much about the FDIC running out of money. I don’t like when people say things like limitless though. Somebody has to fund that line of credit if they ever have to use it. Last I checked the US tax payers were already funding the banks, the auto industry, and the real estate industry in other forms so it would kind of hurt if we had to start funding the FDIC too.

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