Last night's evening news broadcasts included warnings that the collapse of IndyMac bank is likely only the first of a series of such failures. NBC Nightly News reported, "Luckily, most Americans don't know much more about bank failures than we all learned from watching the Christmastime classic 'It's A Wonderful Life' with Jimmy Stewart. ...
So when a big bank failed in California just a few days ago and, given some uneasy rumors about others, there are worries in this era of mortgage meltdowns that there could perhaps be more on the way."
See related articles:Financial collapse edges closer , SEC steps in to stop 'short selling' of Freddie Mac and Fannie Mae ... , Analyst warns on Wachovia amid more bank worries , Nervous investors mull more potential bank failures , 'Serious financial crisis' as bank stocks sink, mortgage bigs get ... , Government's Rescue Plan Leaves Unresolved Problems
Posts
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.