Mynyel Posted January 23, 2011 Share Posted January 23, 2011 in shutting down banks? I don't understand... When a business shuts down they are shutting themselves down. But the FDIC shuts down banks at will it seems. I need this as simple as possible :D I am by no means an economist! Quote Link to comment Share on other sites More sharing options...
Oak Knoll Mom Posted January 23, 2011 Share Posted January 23, 2011 in shutting down banks? I don't understand... When a business shuts down they are shutting themselves down. But the FDIC shuts down banks at will it seems. I need this as simple as possible :D I am by no means an economist! Did you bank at the one that was closed down here in WNC this weekend? That would be scary. Did you know they are also closing down one in Greenville, SC this weekend? This American Life did a story on how the FDIC closes and reopens a bank over a weekend that was really interesting. It's Act Two of this episode. Quote Link to comment Share on other sites More sharing options...
ScoutTN Posted January 23, 2011 Share Posted January 23, 2011 Interesting related (tangent, but not an irrelevant rabbit trail by any means) reading: End The Fed by Ron Paul Quote Link to comment Share on other sites More sharing options...
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