Friday Failures

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Just for the record, the FDIC didn’t let up this week. Five more smallish banks were closed. Here’s the link to their website.

I’ll write a bit more about this in a few minutes, but it’s worth noting that none of these banks nor the hundreds of others they’ve closed in the past few years engaged in running internal hedge funds or proprietary trading. You can go broke just sticking to good old fashioned lending.

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