why do people freak out when a bank fails? In the late nineties and early 2's, when the economy was great, banks were opening up everywhere just like pharmacies and convenience stores and gas stations. When any chain outfit or co. closes a branch or goes out of bus. no one freaks out over it. Why should it be any different with a bank. It's not like someone makes off with the money. They just expanded too much. Every industry goes through that. As always, just my opinion.