Thursday, March 11, 2010

It's Not Even Friday

The FDIC usually adds to their failed bank list late on Friday, when everyone is already on their way home for the weekend.

Viresh Amin emails to point out that the FDIC added LibertyPointe Bank of NYC to their failed list, today. What's up with this?

1 comment:

  1. I read that this was done in deference to the religious leanings of the bank staff, who are mostly observant Jews. I have not seen this level of deference before. Does this mean they will never close a bank on Good Friday? It doesn't matter to me. They should close insolvent banks at the first available moment.