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 [...]
Read the full article →
July 14, 2008
The government is racing to prop up our financial system, unveiling a new plan to keep Freddie Mac and Fannie Mae afloat… at taxpayer’s expense.
The plan, unveiled Sunday, is intended to signal the government is prepared to take all necessary steps to prevent the credit market troubles that erupted last year with losses from subprime [...]
Read the full article →
