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Dollar Value of Bank Failures

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May 24, 2009 – Comments (5)

This CR post is couple days old now, but it goes nicely with my last post questioning what happens now that the FDIC deposits have been wiped out.

The graphs are what really got my attention.  You can see over 500 bank failures in 1989 alone.  Comparing the number of bank failures doesn't look that bad, but then look at the dollar value of the very few failed banks in the 3rd graph...  

5 Comments – Post Your Own

#1) On May 24, 2009 at 7:34 PM, portefeuille (99.66) wrote:

WaMu accounted for a vast majority of the assets and deposits of failed banks in 2008, and it is important to remember that WaMu was closed by the FDIC, and sold to JPMorgan Chase Bank, at no cost to the Deposit Insurance Fund (DIF).

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#2) On May 24, 2009 at 9:21 PM, ChrisGraley (29.86) wrote:

I was gonna say the same thing that portefeuille said. I think we have to worry more about the banks breaking the treasury, than the banks breaking the FDIC.

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#3) On May 24, 2009 at 10:11 PM, HSPV (< 20) wrote:

Of course this is FDIC insured bank failures only. An investment bank like Lehman isn't included. Nor is the support for AIG, Citigroup and all the other "too big to fail" institutions ..

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#4) On May 24, 2009 at 10:20 PM, alstry (36.49) wrote:

Just to keep it in perspective...if you include committments...this crisis is ALREADY more than 50X larger than the S&L crisis.

Now, was somebody saying something about WaMu?????

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#5) On May 25, 2009 at 12:50 AM, dwot (51.92) wrote:

Lol, the banks breaking the treasury...  I am not laughing at you Chris, just at how crazy it is that something that in the past would have been considered a crazy idea is valid now...

Interesting times we live in...

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