Banking failures are exactly what we need to move toward a post-bank world. We have been under the thumb of money changers for centuries and it has only led to suffering. It's time for a real change.
As the banking sector recovers from the financial crisis and the subsequent recession, its recovery has mirrored the slow and fragile recovery of the general economy. Despite the growth in total assets, loans and leases at depository institutions actually fell from the fourth quarter of 2010 to the second quarter of 2011.
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