Friday, July 11, 2008

BANK INSOLVENCY

Fannie, Freddie Insolvency Speculation Sparks Controversy On Wall Street

http://www.rttnews.com/Content/TopStories.aspx?Id=651614

-------------------------------------------------------------------------------------

quo vadis, economy?

------------------------------------------------------------------------------------

Regulators seize IndyMac Bank

DETAILS OF CLOSURE:

"The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said."

http://www.usatoday.com/money/industries/banking/2008-07-11-indymac-shut-down_N.htm

-------------------------------------------------------------------------------------

As I've said before, this financial insolvency sounds like when I came on the scene in 1933. We had an idiot Republican president and administration from 1928 thru 1932 that brought us the great depression

Do you know where your money is?

 

No comments: