Why the Recession of 2008 is More Like the Great Recession Than the Great Depression.

To understand why the economic recession of 2008-2009 is more like a Great Recession than the Great Depression, it is best to look at the Great Depression and compare and contrast with current conditions.
While there is no single, agreed upon cause for the Great Depression, there are a number of events that are generally held [...]

FDIC Failed Bank List: 16 and counting.

According to the FDIC list of bank failures, there have been just 16 for 2008 (as of October 24th).
Here’s the list for 2008:

Alpha Bank & Trust, Alpharetta, GA     October 24, 2008
Meridian Bank Eldred, IL October 10, 2008
Main Street Bank, Northville, MI October 10, 2008
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park [...]