[quote=Allan from Fallbrook]Dave: Yeah, I saw an article yesterday about FDIC seizing assets at nine banks, the largest weekly number since the S&L Crisis, and that SDNB and CalNational were amongst them.
I did a lot of work with SDNB back in the day and its a shame to see them go under.
I get the sense that we’re nowhere near finished with this, however, and Bair at FDIC is looking increasingly embattled as the weeks wear on.[/quote]
My guesstimate is that we’ll see two more years of extremely elevated failure figures before they decline to drips and drabs. Painful but necessary.
