That’s the sound of the financial system crashing.
I’m making some popcorn. This is going to be rich.
More creaking noises to be heard here…
Comment by protected static — July 11, 2008 @ 4:23 pm
(adding by way of clarification – IndyMac was a major player in the sub-prime market.)
Comment by protected static — July 11, 2008 @ 4:24 pm
Of course it is a slow motion affair.
I don’t get how a bank (Indy-Mac) can just be closed and have another one open with the same name. But there is much I don’t understand about the markets…
Comment by t4toby — July 14, 2008 @ 9:00 am
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