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IndyMac (IDMC) First of Many Banks to Fail

“Don’t let the name ‘regional banks’ fool you. We’re talking about some of the biggest banks in the US. The reality is that regardless of how much money the U.S. government pumps into Freddie and Fannie, the U.S. financial system is in big trouble.” — John Stepek Blogger’s note: The Fed may have decided that Fannie [...]

Is the FDIC Predicting Another Bear Stearns Or Something Worse?

“In all my years of reading the Journal and other financial newspapers, I’ve NEVER seen the FDIC advertise their work. So doesn’t it seem a little suspicious that the FDIC took out a full-page ad in the midst of the country’s worst financial crisis since 1990?” — Eric Roseman by Eric Roseman Baltimore — (TFN): Something smells [...]

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