Here’s Some Good News: No Bank Failures

Want some good news? During calendar year 2018, there were exactly zero bank failures in the United States. Zero. Nil. Nada. Zilch. The last time there were no U.S. bank failures was waaaay back in 2006. Needless to say, a lot has happened since then. But the best part of all is that because of a strong economy, and because of the purifying effects of the financial refiners’ fire, the banking sector is as healthy as it has been in many years. Hugh Son’s January 10, 2019 CNBC article about the U.S. banks’ current healthy state can be found here.   It is relatively unusual for there to be zero bank failures during a calendar year. Indeed, 2018 was only the third time since the FDIC was founded in 1933 that there have been zero bank failures during a calendar year period.   It seems like only yesterday that we were in the midst of a seemingly non-stop wave of bank failures. As recently as 2010, there were 157 bank failures. That was in the midst of a…

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