Matt Drudge continues his economic fearmongering with a link to a story about the one-branch Metropolitan Bank in Lawrenceville. Several weeks ago, the FDIC rolled into town and closed down this pseudo-bank.
How poorly run was the Metropolitian Bank? According to my source, checks deposited three years ago had yet to be properly cashed. The bank's offices were a disaster zone. Boxes of records were stacked behind cubicle walls.