Wednesday, July 16, 2008

A Little Perspective

For those of you that are worried about all the banks failing and not having any money I thought I would provide you a little bit of perspective. The following graph provides some perspective on the bank failures that have occurred since 1934. This data is directly from the FDIC.


Click on graph for larger image



As you can see today's bank failures pale in comparison to the 80's S&L crisis. Despite the shaky economy, the banking system is a long way from a crisis.



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