Time to sell your interest in any Bank stock which has less than C- rating

The FDIC was instructed last year to hold off as many bank failures as possible until after the election. There are at least two dozen banks in Louisiana who fit this category who will going to be taken over in 2013 or forced to sell. Ratings of less than a C- or those under federal consent decrees right now should be avoided at all costs.

If you have more than the federally protected limits in a banking institution (Banks and/or Credit Unions) with less than a C- rating I would start planning accordingly so you don't encounter any problems down the line. This is especially important for businesses who keep large amounts of cash on hand. The consolidation of the US banking industry is going to be unlike anything we have seen since the 1980's.