Posted: Sept. 30, 2015 | Tags: BankTracker
We’ve just updated the BankTracker database to include the second quarter, June 30 releases from the Federal Deposit Insurance Corp. and the National Credit Union Administration.
Many of the presidential candidates in the 2016 campaign are basing their tax proposals and other program goals on a rosy picture of future economic growth. Yet it was only seven years ago that Lehmann Brothers collapsed, threatening the U.S. banking system and economic collapse. If the candidates mention the banks and credit unions at all, they mostly express disdain for the TARP bailouts and other government favors going to the banks during the Great Recession.
Yet the candidates’ populist voices and assumptions rarely, if ever, consider what is going on in the banking system since Lehmann and the TARP paybacks. They don’t address the consolidation in the industry and the number of failed banks. Similar to the way unemployment isn’t spread evenly among the 50 states, bank health is not the same across all localities.
With this latest data release, the Workshop has begun a look at the current health in the banking system and what trends are evident since Lehmann, with plans to publish our findings soon.