Who is # 23?

22 and counting. Yep, that is right there have now been 22 bank failures. Two in California and one in Georgia. Only 153 to go. The FDIC warned there would be 175 bank failures. One of the California failures was Downey Financial a very large S&L. U.S. Bancorp (USB) acquired the assets. Looks like the big keep getting bigger. Or do they?

The big question is Citigroup (C) number 23? Citigroup has ben run into the ground by Chuck "Hey the music is still playing" Prince. The phat bastard is living our his existance on several boards and shuttling his girthness around his many houses. Meanwhile, countless numbers of heads rolled due to his incompetency.