GoFuckYourself.com - Adult Webmaster Forum - View Single Post - 9 more U.S. banks fail; $2.5 billion hit for FDIC

kane · 11-02-2009, 06:02 PM

While this isn't good, it isn't as bad as during the 80's when every year they averaged around 100 bank failures and from 1989-1992 there were an average of 500 bank failures per year.

The FDIC was created to take hits like this. If they weren't there those banks would fail and the people that had money deposited in them would just lose that money.

11-02-2009, 06:02 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	While this isn't good, it isn't as bad as during the 80's when every year they averaged around 100 bank failures and from 1989-1992 there were an average of 500 bank failures per year. The FDIC was created to take hits like this. If they weren't there those banks would fail and the people that had money deposited in them would just lose that money.