Bank failures 54 through 57 of 2009 happened yesterday:
First Piedmont Bank, Winder, GA
BankFirst, Sioux Falls, SD
Vineyard Bank, Rancho Cucamonga, CA
Temecula Valley Bank, Temecula, CA
Bank failures 54 through 57 of 2009 happened yesterday:
First Piedmont Bank, Winder, GA
BankFirst, Sioux Falls, SD
Vineyard Bank, Rancho Cucamonga, CA
Temecula Valley Bank, Temecula, CA
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I am confused, I know that banks failing is an indication of something, but exactly what.
In essence, I think it means they lent money to people/businesses that can’t pay it back.