{"id":182446,"date":"2015-09-18T22:59:00","date_gmt":"2015-09-19T03:59:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2015\/09\/18\/its-bank-failure-friday-25\/"},"modified":"2015-09-18T22:59:00","modified_gmt":"2015-09-19T03:59:00","slug":"its-bank-failure-friday-25","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2015\/09\/18\/its-bank-failure-friday-25\/","title":{"rendered":"It’s Bank Failure Friday!!!"},"content":{"rendered":"

And here they are, ordered, and numbered for the year so far.<\/p>\n

There are no bank failures this wee, but we have two credit union failures:<\/p>\n

    \n
  1. Montauk Credit Union<\/a>, New York, \u200bNY<\/li>\n
  2. Bethex Federal Credit Union<\/a>,  \u200bBronx, \u200bNY \u200b09\/18\/2015<\/li>\n<\/ol>\n

    Here is the Full NCUA list<\/a>.<\/p>\n

    I am not sure why credit unions are failing more than commercial banks, there are only 6 bank failures so far this year.<\/p>\n

    Part of it might be that the numbers of credit unions migh have fallen a lot less than those of banks, because, as non-profits, there is less impetus to merge, particularly since 2B2F*<\/sup> will never be a viable strategy for non-profit financial institutions.<\/p>\n

    *<\/sup>Too Big To Fail.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    And here they are, ordered, and numbered for the year so far. There are no bank failures this wee, but we have two credit union failures: Montauk Credit Union, New York, \u200bNY Bethex Federal Credit Union,  \u200bBronx, \u200bNY \u200b09\/18\/2015 Here is the Full NCUA list. I am not sure why credit unions are failing more …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-182446","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/182446"}],"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=182446"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/182446\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=182446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=182446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=182446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}