Regional banks could be the greatest long term play that has been seen in more than 15 years. At the end of the S&L crisis, when the RTC stepped in, strong regional players jumped in to buy assets on the cheap. FDIC assisted takeovers are tantamount to discounted employee stock ownership plans. You get a known asset at a discounted price.
Names to consider FNFG, FMER, IBOC.
Other banks to consider are BK and STT.
