Well the first thing you know old Jed’s a zeroaire

The FDIC took control of the First Bank of Beverly Hills and three other banks last Friday. Jethro, Granny, Ellie May and Miss Hathaway hardest hit. First Bank of Beverly Hills was in such bad shape the FDIC couldn’t find a buyer for it. You’d think Mr. Drysdale would have done a better job.

There have now been more bank seizures in 2009 than in all of 2008. In addition to the FDIC’s four banks, the National Credit Union Administration (NCUA) seized a failed credit union on Friday.