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Thread: Tally of U.S. Banks Sinks to Record Low

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    Tally of U.S. Banks Sinks to Record Low

    Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

    The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

    The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

    The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

    Tally of U.S. Banks Sinks to Record Low - WSJ.com

    JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Rocketman View Post
    Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

    The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

    The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

    The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

    Tally of U.S. Banks Sinks to Record Low - WSJ.com

    JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!

    We would have more banks if the banks that were too big to fail were broken up into smaller ones.
    An Enlightened Master is ideal only if your goal is to become a Benighted Slave. -- Robert Anton Wilson

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Shadow Serious View Post
    We would have more banks if the banks that were too big to fail were broken up into smaller ones.
    that is one theory to consider

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Rocketman View Post
    Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

    The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

    The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

    The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

    Tally of U.S. Banks Sinks to Record Low - WSJ.com

    JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!
    Or perhaps the banks that have closed were poorly run

    But no, conservatives have to blame other people for their failures
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Lord Tammerlain View Post
    Or perhaps the banks that have closed were poorly run

    But no, conservatives have to blame other people for their failures
    Heavy regulations against small business is bad for the country, but progressives do not care about that as long as they feel protected

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Rocketman View Post
    Heavy regulations against small business is bad for the country, but progressives do not care about that as long as they feel protected

    I guess you did not read the part that says it is a trend that has been occurring since 1984. with most being because of mergers, takeovers or failures
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Lord Tammerlain View Post
    I guess you did not read the part that says it is a trend that has been occurring since 1984. with most being because of mergers, takeovers or failures
    I guess you forgot about FDR and his NRA legislation that SCOTUS had to shut down. I need them to step in again.

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Rocketman View Post
    Small Lenders Are Having the Hardest Time With New Rules, Weak Economy and Low Interest Rates

    The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.

    The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.

    The decline in bank numbers, from a peak of more than 18,000, has come almost entirely in the form of exits by banks with less than $100 million in assets, with the bulk occurring between 1984 and 2011. More than 10,000 banks left the industry during that period as a result of mergers, consolidations or failures, FDIC data show. About 17% of the banks collapsed.

    Tally of U.S. Banks Sinks to Record Low - WSJ.com

    JUST LIKE FDR, OBAMA POLICIES ARE DESTROYING SMALL BUSINESSES!
    Man. I'm so glad that we had Frank-Dodd to end Too Big To Fail. That worked out great.

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by Lord Tammerlain View Post
    Or perhaps the banks that have closed were poorly run

    But no, conservatives have to blame other people for their failures
    Sure, that's it. All of a sudden we have a spate of bank failures, to levels such as we've not seen since the '30's - and progressives blame it on them being "poorly run." Classic.
    Who chimes "No Absolutes!" chimes absolutely.

    zoom zoom

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    Re: Tally of U.S. Banks Sinks to Record Low

    Quote Originally Posted by EdwinWillers View Post
    Sure, that's it. All of a sudden we have a spate of bank failures, to levels such as we've not seen since the '30's - and progressives blame it on them being "poorly run." Classic.
    Bank failures

    How about mergers and takeovers. Or perhaps the financial crisis which happened in 2007?

    6000+ banks are still operating, they seem to be well run, those that are not close down, that is the way of capitalism is it not. Is that not why conservatives said GM should not have been bailed out. Did not the US in the 20-50s have far more car companies then it does now. The ones that closed were taken over or closed because they could not compete, but by god it was Obama's fault
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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