Well despite the Obama plan to dole out TARP money to suspect small banks it looks as if Sheila the Bair has not been dissuaded from her quest to cleanse the country of failing banks. Here are the links to a busy Friday for the FDIC.
Not a bad days work for the green eye shade crowd. Just for the sake of marking important milestones, Partners Bank has the dubious distinction of being the 100th failure this year. I’m not sure how they can memorialize that achievement but let’s not let it pass unnoticed.