My hope is this thread can become an ET tradition, sorta like Black Monday. Every Friday we can speculate which bank will fail next. 9/29/08 I'm keeping my fingers crossed for 2 regional banks today. Maybe costing the FDIC a couple billion or so. WM is being pumped by the Fed so I might have to wait a few more months.
huge ES selling volume into the close, people are certainly worried about holding over long weekend hehe
my contribution to smoking mandatory bar and grille http://www.dallasnews.com/sharedcontent/dws/bus/stories/082908dnbusfdicdallas.1fb85b6f.html
BKUNA might be a candidate for Friday 12 September: http://biz.yahoo.com/bw/080905/20080905005689.html?.v=1 BKUNA announced that it received notification today that the Office of Thrift Supervision has reclassified the Bankâs regulatory capital status from well-capitalized to adequately capitalized although the Bankâs capital ratios exceed the statutory threshold for well-capitalized institutions. As a result, the Bank is subject to restrictions on accepting brokered deposits.
Probably lost amongst the FRE and FNM drama is that we had another failure on Friday, SSBX: http://www.fdic.gov/bank/individual/failed/banklist.html According to Yahoo (http://finance.yahoo.com/q/pr?s=SSBX), Silver State Bancorp operates as the holding company for Silver State Bank, which offers commercial and consumer banking services in Nevada and the Phoenix/Scottsdale market area.