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IndyMac Collapse

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IndyMac Collapse

Postby DaGip on Fri Jul 11, 2008 10:19 pm

I just read this. It is considered the worst banking collapse in history!

http://money.cnn.com/2008/07/11/news/co ... topstories

Any good economists have any suggestions for the rest of us?
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Re: IndyMac Collapse

Postby Nobunaga on Fri Jul 11, 2008 10:26 pm

DaGip wrote:I just read this. It is considered the worst banking collapse in history!

http://money.cnn.com/2008/07/11/news/co ... topstories

Any good economists have any suggestions for the rest of us?


... Don't try to buy a $300,000 house when you're working at WallMart.

... <edit> I just read the LA Times article on the failure. It's the 2nd biggest failure, they claim, and going to cost about 4 billion to bail out. That's not so much, in the grand scheme of things.

...
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Re: IndyMac Collapse

Postby Joodoo on Sat Jul 12, 2008 6:13 am

It's not just IndyMac that's a problem, practically everything in the American economy is going out of control.
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Re: IndyMac Collapse

Postby DaGip on Sat Jul 12, 2008 9:32 am

Joodoo wrote:It's not just IndyMac that's a problem, practically everything in the American economy is going out of control.


#-o

We need China to bail us out...again!
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Re: IndyMac Collapse

Postby DaGip on Sun Jul 13, 2008 9:46 pm

This is hot off the press:

http://money.cnn.com/2008/07/13/news/ec ... topstories
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