September Not So Cruel a Month After All

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Remember that business from yesterday about banking crises starting in September? Forget it. Apparently if you follow the right link, and then download and unzip the companion data file, it turns out that 22 out of 25 of the September crises were from 2008. So the whole thing is a ridiculous nothingburger. Thanks to Joshua Hedlund for figuring this out, and a big raspberry to Luc Laeven and Fabián Valencia for getting us all worked up about this.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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