Pragmatic Capitalism

Practical Views on Money & Finance


There’s not a lot of good news out there these days, but one bit of welcome news is the trend in bank failures.   2011 is showing a distinct improvement in the cumulative number and size of bank failures in the USA.  The Economist says the size of the banks failing are half the amount of the average failure just last year at $430MM vs $867MM last year.  Most importantly, maybe (just maybe) this is an excuse for Ben Bernanke to stop worrying so much about his slave masters at the big banks.  But probably not.

Source: The Economist

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Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.

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