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  • FDIC Bank Foreclosure Streak: Batting .667 on Fridays [View article]
    Paul, your article reminds me of that scene in the movie "Office Space" where the two Bobs - the restructuring consultants - lay out their theory that if you fire a worker on Friday, they are less likely to come back to the job on Monday and go postal.

    As an aside, closing a bank on Friday after trading prevents a run on the bank stock, and it gives regulators the opportunity to invade the branches and take over the operations on the weekend so that on Monday it can resume operations without disrupting depositor confidence. That's the theory, of course. We know how Office Space ended.
    Sep 06 09:25 am |Rating: 0 0
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