1.16.2009

Bank Failure Friday: National Bank of Commerce, Berkeley, IL

Happy Bank Failure Friday, everyone!

Lazy FDIC bureaucrat Sheila Bair took a month off, but she's back in action with the seizure of Illinois' National Bank of Commerce.

UPDATE: Double play! The Bank of Clark County, Vancouver, WA, goes down.

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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.