A weekly Friday night occurrence?

Okay, campers, last week it was the big Indymac implosion on a Friday evening.

Were you ready for this week's? No, I thought not.

This week, they weren't as big, by themselves, as Indymac, but there were 2--count 'em, 2--banks that "went down": First National Bank of Nevada and First Heritage Bank of Newport Beach (both were units of the First National Bank Holding Company, based in Scottsdale, Ariz.).

So the thing is, were you paying attention? Did you even notice this happened? They do these on Friday evenings so people won't notice and panics don't set in, of course, just like political announcements out of Washington, when they're negative. Mind you, this is big news, right? But try finding mention of it now, on your regular search engine. Pull up Yahoo! and see if it's listed there, on the first page.

It's not.

The thing is, there's more to come, apparently. Certainly we all hope not but information seems to lean otherwise. I searched yesterday on the internet and, from what I read, the FDIC was watching 90 banking institutions, that may be on less than solid ground.

So for the foreseeable future, you might want to watch for those Friday night announcements. It's like I keep saying, pay attention.

Oh, and if one or more starts happening mid-week, and they can't contain the collapse of this or that financial institution(s)? It means things have really gone to heck--either for that one institution or, God forbid, for the banking sector in general, and in a much larger scope.

Here's hoping there aren't too many more weeks of this stuff.