So far the FDIC has closed down SEVEN banks today. THREE in the great old state of Georgia (not the country).
I'd bet, if you asked, those good old boys would say the FDIC is a "Communist, Socialist, organization -- and should be closed down".
Hoo-boy, are they misguided.
Fed SLOOS Survey: Banks reported Tighter Standards, Weaker Demand for
almost All Loan Types
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From the Federal Reserve: The April 2024 Senior Loan Officer Opinion Survey
on Bank Lending Practices
The April 2024 Senior Loan Officer Opinion Survey on ...
2 hours ago
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