Comments on: 2nd Largest Bank Failure in USA History

By: FDIC Details Plan To Alter Mortgages at Curious Cat Investing and Economics Blog

FDIC Details Plan To Alter Mortgages at Curious Cat Investing and Economics Blog — Fri, 14 Nov 2008 13:39:55 +0000

Ideally this type of action would not be necessary but since banks were allowed to degrade their standards so far and allowed to grow so large their failures threaten the economy some radical actions are being taken…

By: Anonymous

Anonymous — Wed, 16 Jul 2008 18:02:15 +0000

Who knows what other tribulations are ahead for these banks? Could this be another S&L crisis in the making?

The news definitely hasn’t been good lately in many areas, but could be a time for contrarians to come out.

I personally am not too concerned about any banks folding — usually somebody else comes by to buy them out.

By: Anonymous

Anonymous — Tue, 15 Jul 2008 14:20:43 +0000

It is obvious that IndyMac is only the first of many. As the Credit Card default rate rises, many of the credit card banks will see their bottom crushed. There will be no new home loans, and no earnings from Credit cards. I see banks failing at a rate never before seen. It all goes back to taking apart the regulations that were placed on banks during the last depression. This Republican Crew continues to tout the mantra of lower taxes and less Government oversight, thus the mess we are in.