Economics

How Many Banks Failed During The Great Recession?

Between January 1, 2005, and December 31, 2013, the FDIC documented 492 bank failures. How many banks failed during the 2008 financial crisis? During the crisis years of 2008 to 2013, 489 FDIC-insured banks failed. High concentrations of ADC lending, rapid asset expansion, increased reliance on funding sources other than steady core deposits, and relatively […]

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What Is The GDP Of America?

Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, industrial supplies and materials, and foods, feeds, and beverages were the biggest contributions to the growth in goods

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