Its Friday so the banks must be failing. This time its two regional banks. Downey Savings and Loan and PFF Bank and Trust. The FDIC has seized their assets and will retain control of 213 branches shared between the two banks. Click here for the news from the FDIC.
One hopes these will be the last two to fail, but it doesn’t seem likely given economic conditions.
UPDATE 11/22: looks like its three banks, not two.
James & Miel are originally from Oregon, and are both gainfully employed professionals. James works internationally in survey research, and Miel currently works in international development & relief in Africa.
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