Banks of US

I think everyones' heard about the US bank closed down. I find it ridiculous for the bank to suddenly closed loh, even so it happened in other countries ( i think most was in Brazil). THe Bank name should be IndyMac BanCorp. ONe of the biggest retail bank in US somemore.

The other 'Potential' may be Freddie Mac and Fannie Mae. They are the top US lender. They guarantee almost half of all US home loans. To me they are more suited to be 'finance company'. It was rumoured that they are having trouble raising funds. This will cause a chain of reaction. First, they will reduce the loans out, or even stop. Then upon news of trouble, investors stop buying into the loans or bonds they guarantee. These pushes rates up (they held almost 50% remember?). Less and less will borrow from them. Over the long term, they will be out of biz sooner or later. The failure of Freddie Mac and Fannie Mae could could make it harder for consumers to borrow in all forms also.

" Denial and Evasion, one would blame others for the mistakes they made. There is the responsiblity and the consequences, unable to recognise it would mean repeating the same mistakes again. "