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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FACT:

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Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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