{"id":180728,"date":"2017-01-21T06:30:00","date_gmt":"2017-01-21T11:30:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/01\/21\/an-historical-perspective-for-bank-failure-friday\/"},"modified":"2017-01-21T06:30:00","modified_gmt":"2017-01-21T11:30:00","slug":"an-historical-perspective-for-bank-failure-friday","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/01\/21\/an-historical-perspective-for-bank-failure-friday\/","title":{"rendered":"An Historical Perspective for  Bank Failure Friday"},"content":{"rendered":"<div style=\"border: 1px solid black; float: right; margin: 0px 10px; padding: 5px; text-align: center; width: 360px;\"><a href=\"https:\/\/i.imgur.com\/fmWODVM.png\"><img decoding=\"async\" border=\"0\" bordercolor=\"white\" src=\"https:\/\/i.imgur.com\/fmWODVM.png\" width=\"350\" \/><\/a><br \/><i>Since the introduction of federal deposit insurance<\/p>\n<p><a href=\"https:\/\/i.imgur.com\/jCdpChg.png\"><img decoding=\"async\" src=\"https:\/\/i.imgur.com\/jCdpChg.png\" width=\"360\" \/><\/a><br \/>From 1921 to Present<\/i><\/div>\n<p>Over at <a href=\"http:\/\/www.calculatedriskblog.com\/2017\/01\/bank-failures-by-year.html\"><i>Calculated Risk<\/i><\/a>, they have the numbers for bank failures since the creation of federal deposit insurance:<\/p>\n<blockquote><p><span style=\"color: blue;\">In 2016, five FDIC insured banks failed. This was the lowest level since 2007.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Most of the great recession \/ housing bust \/ financial crisis related failures are behind us.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The first graph shows the number of bank failures per year since the FDIC was founded in 1933.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u2026\u2026\u2026<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The second graph includes pre-FDIC failures. In a typical year &#8211; before the Depression &#8211; 500 banks would fail and the depositors would lose a large portion of their savings.<\/span><\/p><\/blockquote>\n<p>The late 1980s bank failures were caused by corruption and control fraud.<\/p>\n<p>The 1990s bank failures would have been far larger if we hadn&#8217;t bailed them all out.<\/p>\n<p>Pre FDIC is just f%$#ing scary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the introduction of federal deposit insurance From 1921 to Present Over at Calculated Risk, they have the numbers for bank failures since the creation of federal deposit insurance: In 2016, five FDIC insured banks failed. This was the lowest level since 2007.Most of the great recession \/ housing bust \/ financial crisis related failures &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[761,456,437],"class_list":["post-180728","post","type-post","status-publish","format-standard","hentry","tag-corruption","tag-finance","tag-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180728"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=180728"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180728\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=180728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=180728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=180728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}