S&L

It must be nice to be in a rich Republican family

On Friday we saw some pretty awful economic news. Unemployment spiked to over 6%, and the word is out that the taxpayers will be bailing out the massive mortgage giants of Fannie Mae and Freddie Mac.

With news like that it would be pretty easy to miss a much smaller item with huge political implications for the presidential race.
The news I speak of is that regulators have seized Silver State Bank.

"When the casinos treat you poorly, let Silver State treat you like a valued customer."
- the Silver State Bank motto (I kid you not)