Nevada and California Banks Fail

Two more banks fail; FDIC sells deposits
Mutual of Omaha Bank takes over accounts of California, Nevada lenders. Watching this financial collapse is like watching an ice cube melt--slow at first and then accelerating. The FDIC used 10% of its reserves to bail out Indymac. See this link. http://www.miamiherald.com/business/story/606067.html