COMMENTARY ON BANK FAILURE: THERE WENT INDYMAC – FDIC STEPS IN – WHERE ARE WE GOING WITH FANNIE AND FREDDIE – AND WHO KNOWS WHO ELSE WILL BE IN THE RESCUE LINE?
Summer 1929 – the warning signs were there and the smart money (think of investor Joseph Kennedy, father of the brothers John, Bobby and Teddy and the legendary Bernard Baruch, advisor to presidents) were moving to cash and off to... [more]
