{"id":192459,"date":"2009-03-28T18:45:00","date_gmt":"2009-03-28T23:45:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/28\/friday-night-bank-closings-im-scared-now-edition\/"},"modified":"2009-03-28T18:45:00","modified_gmt":"2009-03-28T23:45:00","slug":"friday-night-bank-closings-im-scared-now-edition","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/28\/friday-night-bank-closings-im-scared-now-edition\/","title":{"rendered":"Friday Night Bank Closings:  I&#8217;m Scared Now Edition"},"content":{"rendered":"<p>Not by the total number of bank closings, there was only one, the <a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/omni.html\">Omni National Bank, Atlanta, GA<\/a>, the 21st of the year. (<a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/banklist.html\">Full List<\/a> of closings).<\/p>\n<p>Since I figure that there will be somewhere in the neighborhood of 100 bank closings this year, that is not a surprise.<\/p>\n<p>What <span style=\"font-weight: bold;\">is<\/span> a surprise is <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/03\/forecast-two-thirds-of-california-banks.html\">Calculated Risk&#8217;s report on regulatory actions in California<\/a>, where 6 more banks have received a cease and desist order from the FDIC, and there are predictions that <span style=\"font-weight: bold;\">two thirds<\/span> of banks in California will be operating under such orders by year&#8217;s end.<\/p>\n<p>I honestly cannot imagine that the situation is better in other areas with the largest real estate bubbles, such as Florida, the Las Vegas area, Phoenix, etc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not by the total number of bank closings, there was only one, the Omni National Bank, Atlanta, GA, the 21st of the year. (Full List of closings). Since I figure that there will be somewhere in the neighborhood of 100 bank closings this year, that is not a surprise. What is a surprise is Calculated &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088,985],"tags":[],"class_list":["post-192459","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192459"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192459"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192459\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}