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.
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DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've been up to our eyeballs in debt and have made tons of financial mistakes. However, we've successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
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