Monday, July 14, 2008

Most banks are safe

Despite collapse of IndyMac, veteran analysts say banking system is in better shape than it was during the S&L crisis and don't expect historic wave of failures.


OK, so the good news is hard to come by, but we will take what we can get.

In related news, as bad as I got hammered with Citigroup, at least I didn't own Washington Mutual

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