Remember when you couldn't browse the web without seeing a banner ad for NextCard? As of today cardholders will no longer be able to use their cards (though they will still be responsible for paying their balance). While the FDIC was able to sell off a small portion of the accounts, they estimate the closure will cost between 4300 and $400 million. Ouch.
Interestingly enough, their web site is still up and has a big button to sign up for a new card.
