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Overnight Open Thread

911
Irene NYC3/30/2009 7:38:48 am PDT

re: #863 avanti

It’s done almost daily by the FDIC with troubled banks. They move in without notice with a team, seizing the assets, selling the bank to another bank, or liquidating. They fire and hire at will, and put in new management.

This is hardly a daily occurrence. Stop exaggerating.