Sheila Bair scores the Hat Trick!

Nice work, Sheila! The FDIC seized three banks yesterday, including a couple biggies: PFF Bank & Trust and big sleazy mortgage lender Downey Savings & Loan.

Ouch! Sucks to be you if you're a taxpayer!

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Quotations from Chairman Varones

There are very few financial problems that can't be solved by a suitable application of asset bubbles.