Tom Lindmark's  Instablog

Tom Lindmark
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About a year ago, a company asked me to write a daily blog for them. I told them that I’d never read a blog and had absolutely no idea how to write one but sure, if you want to pay me for it, I’ll give it a shot. It was either my good or bad fortune to start at the beginning of the credit... More
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  • Friday Bank Failure Update 1 comment
    Jun 27, 2009 8:25 PM

    Oops. I usually wait until I'm sure that the FDIC has spent all of its Friday bullets. I didn't change this week

    but they came in late with this one. So not four but five banks go down. Here is the link to the last one.

    Mirae Bank, Los Angeles, California

    I don't know why they waited so long to announce this one. Maybe the owners wouldn't turn over the combination to the vault.

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    More bank failures to come. Citi might be the one to eventually go down....
    3 Jul 2009, 11:03 PM Reply Like
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