Thursday, June 5, 2008

What Actually Happens...

when a bank fails? When I taught high school, and when I taught teachers, this was always a point of interest. "What is the procedure for closing a bank?" And while you may feel you don't have time to put this in, I've found it gives a deeper sense of understanding about the role of government in supervising the banks, and a better sense of confidence about the banking system. It fits in nicely when discussing money and banking either in an economics course or a personal finance.

For your consideration on this point, there's an excellent piece about a bank closing (moved to subscriber content only) in Minnesota in today's issue of The Wall Street Journal. And it has a photo gallery that illustrates the procedure nicely.

Please share your thoughts. Would you/could you use this in your classroom?

1 comment:

Mike Fladlien said...

i'll use this next year in my accounting class when we discuss banking...this was an excellent post....