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Is this the first time since the 20's and 30's that banks are failing?

Asked by Dog (25152points) July 26th, 2008

My grandparents used to talk about banks failing on a large scale back in the 20’s and 30’s but in my era I cannot recall hearing of even one bank failing until this year.

Have I just missed hearing about failures because they were more isolated or is a bank failing a new phenomenon for this century?

I am aware of WHY they are failing but was curious to know if the actual event of failing banks was historic.

Info on 1920’s and 1930’s bank failures for those may be interested:

http://www.livinghistoryfarm.org/farminginthe30s/money_08.html

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