World-News

As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year.

https://www.iht.com/bin/printfriendly.php?id=14461194



Cops to IndyMac bank customers: Remain calm or face arrest

Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution's federal takeover.

https://www.dailynews.com/breakingnews/ci_9887404



Banks hit by fallout from the crisis at IndyMac

Some depositors at the failed thrift, seized by regulators, leave without all of the funds that were in their accounts. Bank shares slide, but institutions say they are well-capitalized.

https://www.latimes.com/business/la-fi-indymac15-2008jul15,0,431088.story



Fannie Plan a `Disaster' to Rogers; Goldman Says Sell

The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an "unmitigated disaster'' and the largest U.S. mortgage lenders are "basically insolvent,'' according to investor Jim Rogers.

https://tinyurl.com/62aow8



From his office in clouded cuckoo land: Bernanke's Dour Message

The Fed chief says the economy should improve "gradually" over the next two years, but warns of "considerable uncertainty" about that outlook.

https://tinyurl.com/5ndmul


From Information Clearing House



https://freepage.twoday.net/search?q=IndyMac
https://freepage.twoday.net/search?q=Fannie+Mae
https://freepage.twoday.net/search?q=Freddie+Mac
https://freepage.twoday.net/search?q=home+price
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=Bernanke