Downey looks to be in rough shape. Please, Please if you or your family/friends have money in Downey over the FDIC insured limits, move the money now or consider most of it lost.
“The Office of Thrift Supervision … has issued a cease-and-desist order that formally requires the [Downey] to raise capital, name a new chief executive, and take other actions aimed at shoring up its operations, these people said”
