Good morning Ladies and Gentlemen:
Before heading into our regular commentary, I would like to announce that the SEC's chief executioner, Mary Schapiro has
welcomed with open arms 4 new banking failures into the morgue. Midwest is the largest bank failure with 3.17 billion in assets.
The loss to the FDIC is estimated at 301 million dollars.
. The FDIC will report on the first quarter results in the 3rd week of May: