Source: https://banks.data.fdic.gov/explore/failures

Tool: Microsoft Power BI

Of course not! Socialism for the rich, feudalism for the poor! Bootstraps!

I feel like I've seen the size of different bank failures represented in this sub 15 times in the last month and its different everytime.

The marker size and marker color are duplicating the same information. I would get rid of the color scale since it's harder to read than the size.

This is a beauty of data visualization, you can tell the same story many different ways.🙂

The banking system is essentially fine as long as you trust it and are happy to leave most of your money in it. As soon as you don't you discover that they are all over leveraged and you can't all get all of your money out. It is a system that gave up the gold standard back in 1970 (or 71) where money was backed by gold and now relies on a system of faith to ensure it works. So for the love of mankind, please don't be worried!

[removed]

From what I've seen theyre just telling different stories, but im not informed enough to know which ones to believe.

What does radius represents of?

For me the story is quite simple, there were failure of few big banks with big value of assets and then in next years followed with failures of many smaller banks. I am not expert for this area, it could be that banks are closely connected or failure of big banks led to lower trust in banks generally and this led to money outflow which finally caused banks failures. No we see similar failure of big banks and my question is if it is probable that similar pattern will follow...

Thank you for your comment. I was thinking that color changing with the size will underline logic of visualization. But I understand it can bring also confusion...

Size of assets of banks that failure it specific year. After failure of few big banks, failure of many small banks followed.

Interesting chart, I kinda programmed a chart like this but it represents significant earthquakes.

Is it available online?

No it's on my github, I can send it to you in private if you're interested.

Yes, please.

Yup. This is a reckoning fifty years in the making. Every policymaker, with the exception of Volcker in raising rates in '82 and Clinton and Gingrich managing budget surpluses , has pursued policies that just kick the can down the road.

Worry? No. Stupid institutions that do stupid things should fail.

Fucking hell that is so true. Millionaires and billionaires get to gamble with the economy constantly and every 10 to 20 years we’ve been the ones to pay the price when the gamble fails to pay off.

They should. But when they do, the people who made the decisions often come out unscathed, and the problems transfer to other people.

For example, when SVB was failing. Top executives sold their shares and paid out large bonuses to staff during the months before the collapse. Then when the collapse happened, the bank simply dissolved and the FDIC picked up the bill. The institution failed, but the people who ran it into the ground didn't.

I think we should be worried about bank failures because the impact can cost the government greatly and can ultimately make life a lot more difficult for the little people.

I pulled the majority of my money of my bank when SVB crashed. I might not have needed to, but it feels better to be prepared.

If we are the banks, no. The government will bail us out every single time no questions asked. If we are human people, yes. Because fuck us.

Honestly, this would look way better plotted as assets value vs. time. No one cares how many banks fail, just how much damage was done in real terms. The number of failures is extraneous and makes the chart look unnecessarily complicated. Simple is (almost) always better.

tink tink BOOM

Odd. You mention how a bank failure hurts everyone yet admit to actively contributing to the problem.

Message of this visualization is that failure of few big banks was followed by failures of many banks. Without number of banks message will be incomplete. Any suggestions how to cover these three dimensions in one visualization? Time, Value and number of banks.

Fair enough.

Dual axis line graph with total assets on x1 and # of failures on x2, either 2 different colors for the lines or solid and dashed. Y remains as time.

Well, we pretty much let the few remaining banks turn into a cartel, so yeah.

That much power in a few hands never tends to end well.