Another Friday, another failed bank... or two...

I wonder why the regulators always seem to seize these failed lenders just before a weekend... it couldn't be to avoid public recognition that, as they say, "Houston, we have a problem..."

May 22 (Bloomberg) -- Two Illinois banks with combined assets of almost $1 billion were closed by regulators, pushing the toll of failed U.S. lenders to 36 this year amid the longest recession since the 1930s.

Strategic Capital Bank in Champaign and Citizens National Bank in Macomb were closed and the Federal Deposit Insurance Corp. was named receiver of both, the FDIC said...

The FDIC insurance fund is down 64 percent from its peak at the start of the second quarter last year, reflecting the shutdown of 22 lenders from April through December.