Monday, July 21, 2008

8,500 U.S. Banks; Many Will Die Soon

I called the death of Indymac on July 7th. The FDIC seized Indymac on July 11th. I called the implosion of the 2 Gov't Sponsored Entities in the mortgage biz, Fannie Mae and Freddie Mac on July 9th. Sun, July 13th the White House announced a bailout for them. Want to know what happens next? It’s ape ass ugly and it’s going to happen to you

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11-5-2024

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