Mises Daily
Author:
Douglas French
Online Publish Date:
This all happens rather quietly, barely making the news. We’re told these bank failures are no big deal. No reason to panic. The names of the banks change over the 300 banks have failed? We all know what’s happened to the residential-property market, but to illustrate how bad the situation is for the commercial market, over 8 Union National Bank, recently pulled its federal charter application because bank-failure bargains are becoming tougher to find, a spokesman said. “In the current