Maybe we should be watching the FDIC

On 4/2/08 I wrote a blog regarding the FDIC staffing up for anticipated bank failures. has run an article on 4/7/08 titled “Recent FDIC Actions Worrisome Sign of the Times.”  The article states that a California based bank with 22 location was given a FDIC “prompt corrective action” notice and has been given 60 days raise its capital or face FDIC action.  The article also reported that “The FDIC posts these orders once a month, and I suspect we will be seeing many more of these. “