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Economy

marmar

(77,072 posts) Tue Dec 18, 2018, 11:52 AM Dec 2018

Peak "Everything Bubble"?

https://m.

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2 replies

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Peak "Everything Bubble"? (Original Post) marmar Dec 2018 OP

2018 is the first year since 2006 that no banks have failed OnlinePoker Dec 2018 #1

That's an amazing statistic. PoindexterOglethorpe Dec 2018 #2

OnlinePoker

(5,719 posts)

1. 2018 is the first year since 2006 that no banks have failed

Reply to marmar (Original post)

Tue Dec 18, 2018, 12:29 PM

Dec 2018

Still a couple of weeks to go but I doubt they would shut them down between now and the new year.

https://www.fdic.gov/bank/individual/failed/banklist.html

PoindexterOglethorpe

(25,841 posts)

2. That's an amazing statistic.

Reply to marmar (Original post)

Tue Dec 18, 2018, 01:21 PM

Dec 2018

I didn't realize to what extent there are bank failures every single year.

My ex worked for about a decade doing banking software, and while it was nice that he got every single federal holiday off, other times he worked very long hours to fix whatever. I did know from him that if a bank couldn't balance its books for something like 48 hours (someone here may know the exact time frame but it was short) it could be shut down.

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