Personal Finance

3819 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

USA: The financial meltdown is beginning. (www.nbcnews.com)

submitted 4 months ago by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

They are keeping this quiet, but this affects 2.9% of US bank customers.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 4 months ago

This may be as big as this particular issue gets, sure. But we had bank failures last year, which resulted in nobody losing access to their money for any period of time. Then this year, we've had 3% of people lose access to their money for two weeks. What will it be next? From what I understand there are 61 or 63 banks on the FDIC's list of problem banks which is a very good indication that they are likely to fail.