[Brilliant]

“I am a bit surprised that they let the FDIC step in...”

They may not have had a choice. If the bank can’t pay the deposits, then it can’t pay the deposits. I would be interested in seeing if this well-connected bank got any favoritism, though. Already suspicious that some of the managers stayed on. Already suspicious that all of these other banks bought a piece of it to keep it from going down, but it went down anyway.

[LearsFool]

Already suspicious that all of these other banks bought a piece of it to keep it from going down, but it went down anyway.

If I had any money in any of those banks, I'd be in there closing some accounts on Monday morning. Enough of this crap.