About indymac?

So if this bank went out of business, what does this say about the US‘ economy? Does this mean the recession is around the corner or is it here already?

 

It says a bank that took an extraordinary amount of risk suffered an extraordinary fate.

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Recession has been here for over a year, wake up, we are on the merge of financial collapse. The media keeps spreading the rumour that we arent in a recession yet because this keeps things more stable than telling everyone we are in a recession and on the verge of hyperinflation. They were a bunch of morons who took big risks and lost. Most of coporate america is run by a bunch of morons and many of them dont even have college degrees, just “experience”.

This entry was posted on Tuesday, July 15th, 2008 at 10:52 pm and is filed under Social Science. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.