Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Bank failures up 400% since 2008, and 3,300% since 2007. Who profits from this?
http://money.cnn.com/2009/10/23/news/economy/bank_...
That seems pretty intense. Who knows a lot about these trends in banking? Do you think the failures of hundreds of small banks could somehow benefit the large banks? Does anyone out there have an incentive to see to it that smaller banks fail?
What exactly is going on here?
3 Answers
- 1 decade ago
Yes, the main reason why the TARP funds where created is to eliminate small banks. The FDIC would rather insur fewer big banks than a ton of small banks. The whole idea behind the TARP is to close down small banks. How they did this was to create new rules small banks could not comply with, and then turn and give large banks a crap load of cash so they did comply with the new rules.
- Anonymous1 decade ago
I don't think anyone's profiting from this, the market is just correcting itself. The bailout money is a different story.
- Anonymous1 decade ago
this is minor. the s & l crash of the eighties had more than 2000 institutions go under.
