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Actually check out the gold (GLD) action. It's the only holder of value that can't be printed or manufactured by the FED.

Interestingly though they will pay 50% of the unsecured amount aka $500M. If the FDIC already have a $4b to $8b hole to fill why cover the unsecured $1b? At the time of closing, IndyMac Bank, F.S.B. had about $1 billion of potentially uninsured deposits held by approximately 10,000...

Anywhere else they call this nationalization when stock holding is greater than 51%.

If they do then expect this to be printed: FED saves FRE & FNM and destroys US sovereign rating in the process. http://www.telegraph.co.uk/money/mai...2/cndow112.xml ....The fears of a banking crisis gripped Wall Street, Lehman Brothers shares fell 22pc. Investors have been spooked by a...

I put a 50/50 chance that C and BAC will need help or go under. The other factor is that the feeding frenzy from shorts is quickly coming down to less companies to attack. It's getting easier for them as the attacks get more focused on individual companies...

Better still FDIC is recruiting due to business growth!! Ex bank employees welcome! https://jobs1.quickhire.com/scripts/fdic.exe/runuserinfo?HaveUsedBefore=5 http://www.fdic.gov/about/jobs/index.html

Jeez......Is BAC next after taking on the CFC crap?

I agree someone else posted this so credit to them inflation>stagflation>deflation We are moving through into phase 2 stagflation....once economy really starts to shut up shop then deflation...if that is the case FED doesn't even need to bother moving i-rates.

Looks like Indymac could hit the FDIC hard. http://www.businessday.co.nz/world/rest_of_world/4614195 IndyMac fate could test regulators By KAREY WUTKOWSKI and RACHELLE YOUNGLAI | Thursday, 10 July 2008 Reuters THE CRUNCH: Deeply troubled mortgage lender IndyMac Bancorp Inc may...

more dominoes to fall. just the start. freakin LEH, FRE and FNM are effectively insolvent.

They are history this weekend. Get out if you are still in as they will be a government department on Monday.

Damn Ford is down 7% today to $4.58 must be ready to do a reverse split?

You know Easter Island is a modern day example of what happens when you have exploit your available resources at an unsustainable rate. God forbid if you do it on a global scale aka China.... http://www.sacredsites.com/americas/chile/easter_island.html

Don't laugh but it sure looks like signs of panic by the capital market regulators are appearing. I wonder what we can expect to be put into effect this weekend before markets open on Monday morning. Looks like Pakistan have full fledged panic. New rules limit down days for each listing to...

Dah want to save gasoline and energy do away with the lights altogether we just need more roundabouts aka rotaries. They work great everywhere else in the world.

OMG what a day. The carnage was amazing - look at the LEH volume 260% of normal daily volume. At this rate the LEH mid-year bonus will see staff own all of LEH. Shit next staff salary will be simply be in stock bought daily from salary budget. As for FNM and FRE they are dust - FRE down 22%...

The FED's actions are starting to read like the Hans Brinker legend.. The question is how many fingers does the FED have? http://www.thehollandring.com/hans-brinker-story.shtml

FED language translated....We will continue the "pyramid loan scheme" (TSLF) program through 2009 by which time we should have exhausted all treasury bonds/bills. At this point the pyramid loan scheme will implode. :cool:

This is the trend.

This is onlt the tip of the iceberg in the financial meltdown.