My bank failed. However, we're lucky to have JPM come in and keep the day to day operations up and going. I was half hoping to experience the FDIC in action for a life experience. Call it sick, and you're probably right. Of course, we did not keep amounts that were uninsurable in there, so at worst I would've been out some time and maybe a few bounced check fees? As it stands, none of that is going to happen.
But another big icon falls. As in the tech boom and subsequent bust, names that had become ubiquitous seemingly overnight were crumbling and becoming memories. Me and a friend recently spoke of WebVan. This wasn't a company that crumbled that long ago (2002?), but half of the people at the table gave puzzled looks. So it will go with Lehman, WaMu, IndyMac. It will all be something we can point back at as experience.