July 14, 2008
So, we can’t blame everything on the government… but…
IndyMac is the third largest bank failure in the nation’s history. And, of course, by now we all know that the bank has been taken over by the government. Is that going to make us sleep better at night? Probably not.
Over the weekend it was disclosed that [...]
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May 10, 2008
We all remember the melt down of Bear Stearns. Other banks are trying to stay afloat by selling off assets. Yesterday Citigroup announced it would sell of some $400 + Million in assets.
Global banking giant Citigroup Inc, which has been battered by the subprime crisis, plans to sell assets worth $500 billion in the next two [...]
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