Kos keeps asking to see the details. So I dug up a few.
Let’s see:
Lehman Brothers
AIG
Bear Stearns
Goldman Sachs
Fannie Mae
Freddie Mac
- - more after the jump --
Failed Bank List
[This is a modification of the list at the FDIC website linked above.]
Bank Name.......................................Closing Date
Washington Mutual Bank, Henderson, NV
and Washington Mutual Bank FSB, Park City, UT...September 25, 2008
Ameribank, Northfork, WV........................September 19, 2008
Silver State Bank, Henderson, NVEn Español......September 5, 2008
Integrity Bank, Alpharetta, GA..................August 29, 2008
The Columbian Bank and Trust, Topeka, KS........August 22, 2008
First Priority Bank, Bradenton, FL..............August 1, 2008
First Heritage Bank, NA, Newport Beach, CA......July 25, 2008
First National Bank of Nevada, Reno, NV.........July 25, 2008
IndyMac Bank, Pasadena, CA......................July 11, 2008
First Integrity Bank, NA, Staples, MN...........July 25, 2008
ANB Financial, NA, Bentonville, AR..............July 25, 2008
Hume Bank, Hume, MO.............................July 25, 2008
Douglass National Bank, Kansas City, MO.........July 25, 2008
Miami Valley Bank, Lakeview, OH.................July 25, 2008
NetBank, Alpharetta, GA.........................July 25, 2008
Metropolitan Savings Bank, Pittsburgh, PA.......July 25, 2008
Bank of Ephraim, Ephraim, UT....................April 9, 2008
Reliance Bank, White Plains, NY.................April 9, 2008
Guaranty National Bank of Tallahassee,
Tallahassee, FL.................................July 25, 2008
Dollar Savings Bank, Newark, NJ.................April 9, 2008
Is there a crisis?
Will it hurt people?
What if there is a run on banks? Who will be hurt?
Probably nobody on this site lived through the Great Depression. It’s just an abstraction for most of us. But I was born at the end of it and, believe me, you don’t want to see what it does to the average, everyday guy.
I’m sure you’ve seen pictures like this:
Great Depression Soup Line
or this Great Depression Children's Soup Line
Who are the people in these lines? Wall Street bigs? No.
These pictures show what happens to the working men and women when the banks collapse.
And that’s why a solution to the banking crisis in necessary, no matter how disgusting it is to do it.