Originally Posted by Skid Row Joe

No, they failed. Period. The regulators would swoop in and take control of the banks on one day, then open with a different name the next business day. Dozens and dozens of banks failed for well over a year, because of their insolvency. Nothing misleading about those facts. I realize some ppl paid no attention to this - but the announcements weren't paid any mind since the U.S. Gov't. closed 3, 4, 5, or up to maybe 10 to 15 or so banks every 15 days or so. They didn't want to panic the public, again. There were into the hundreds of failed banks.