Not much time to blog this week but I hope to make up for it a little bit over the weekend. Nevertheless, we can’t ignore the latest forays of Madame Bair. This week she lopped off the heads of five more banks, bringing the yearly total to 15. Here’s the link to her site.

It’s a pretty torrid pace for the agency so far and I continue to believe that they want to get this behind them to the extent possible before the mid-term electioneering begins in earnest. Good luck there. They’ll need a lot of help from an economy that isn’t looking too sharp right now.