Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Friday Bank Failure Update

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.