by Michael Snyder, The Economic Collapse Blog:

We were warned that more banks would soon be getting into deep trouble.  In fact, just yesterday I told my readers to circle March 11th because that is when a very important Federal Reserve program that has been propping up our banks will be allowed to expire.  Unfortunately, we didn’t even have to wait for March 11th for the action to begin.  On Wednesday morning, shares of New York Community Bank were absolutely crashing.  Zero Hedge reported on the drama as it was unfolding…