Still think that stimulus is working?
Asked by Anonymous at 9:32 AM on Oct. 31, 2009 in Politics & Current Events
As much as I do not support Obama or the "stimulus," FDIC bank closures or failures are nothing new, and it's certainly not any worse than it was in the 80's/early 90's.
Here's a graph detailing total bank closures/failures since 1934, and the complete story, here.
I know, it's only a "Blog" but there are actual links, and verifiable references if you want spend hours doing the fact checking yourselves.
Answer by LoriKeet at 9:56 AM on Oct. 31, 2009
Thanks LORI :) I love it when you're rational.
OP as Lori said stimulus and banks have nothing to do with each other, TARP was aimed at the banks. The federal government backs those deposits, they have every right to shut down a bank if their making bad lending choices that jeopardize people's monies.
Answer by SRiveroC at 11:35 AM on Oct. 31, 2009
Answer by Anonymous at 12:33 PM on Oct. 31, 2009
Answer by itsmesteph11 at 12:33 PM on Oct. 31, 2009
Next question overall
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