FDIC Failed Bank Data
Data, data, data
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Covering the energy industry requires top-down and bottom-ups skillsets - look no further than the bank failure-induced sell-off of commodities and commodity stocks this week
There has been considerable debate on social media this week about the moral hazard of saving banks in the U.S. and about who is being 'bailed-out' and why
In Senate testimony this week Janet Yellen made a distinction between systematically important banks that have received or could receive FDIC backing to make uninsured depositors (above the current $250,000 limit) whole versus smaller community banks who have not been or would not be considered systematically important
The data shows uninsured deposits have taken haircuts hundred of times since 2000 in the U.S.
Large banks have seldom seen haircuts on deposits since Indymac failed in 2008
There has been considerable debate on social media this week about the moral hazard of saving banks in the U.S. and about who is being 'bailed-out' and why
In Senate testimony this week Janet Yellen made a distinction between systematically important banks that have received or could receive FDIC backing to make uninsured depositors (above the current $250,000 limit) whole versus smaller community banks who have not been or would not be considered systematically important
The data shows uninsured deposits have taken haircuts hundred of times since 2000 in the U.S.
Large banks have seldom seen haircuts on deposits since Indymac failed in 2008
Failed Bank Data
Back to our regularly scheduled energy content next week.