Description: Three U.S. banks failed on Friday, bringing the total to 98 this year, as regulators continue to shutter financial institutions that are overwhelmed by bad loans and liquidity problems.
Keys: Banking (p558), Economy (p66)
Questions for discussion:
- How are banks similar and yet different from other businesses?
- Why have these banks failed?
- How are the problems and successes of the economy reflected in the operations of the banks? Explain your thinking.