America’s community banking crisis may go down as one of the biggest nonevents of the current financial crisis. This is, perversely, both an indictment and a testimony to the regulatory system charged with overseeing our financial institutions and protecting consumers. “FDIC Friday” has been a fixture on the calendar since 2008. That’s the day dark-suited staff from the Federal Deposit Insurance Corp. quietly swoop into a city to shut down a troubled bank. It’s happened almost 300 times during the past two years, with 2010 seeing the most bank failures in almost two decades.
In a year of bank failures, public feels little effect
Most Popular Articles
Latest Articles
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts