SilverState Bank - FDIC Seizure in the works?
To paraphrase comments from my July 28th post: a banking failure under son McCain's leadership would probably look quite bad for dear old dad's campaign and I imagine the FDIC, working disaster/cleanup plans for the bank decided it's probably time for Andrew to get out of the picture before the bomb goes off.
Well, If you've been paying attention to recent banking failures, you probably already know the FDIC has been seizing banks at the close of business Friday evenings -- in the hopes of keeping depositors calm and avoiding banking runs.
Guess what? Tomorrow is Friday, and based on recent stock price action, I don't think a FDIC seizure for SilverState Bank is out of the question.