Monday, July 14, 2008

IndyMac: Your money is safe - FDIC - Jul. 13, 2008

IndyMac: Your money is safe - FDIC - Jul. 13, 2008:

"The FDIC disclosed last month that it was closely watching 90 financial institutions on its 'problem list,' up from 76 in the first quarter of 2008. The total assets of 'problem' institutions rose from $22.2 billion to $26.3 billion, the FDIC said. The FDIC does not publish a list of trouble banks out of concern it could spur a bank run"

Friday, July 11th, 2008 - what a wild day! 50% drop in Fannie Mae and Freddie Mac! IndyMac bankrupt! Wow!

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