07-14-2008, 02:11 PM
And this in the California tv news this evening a smaller bank in Pasadena I believe they called it Indy Mac just failed, people lined up all day to try and get their money. (looked like a scene out of the Great Depression) FDIC officials there helping people fill out paperwork, basically telling them if they had more the 100K in deposits they are out of luck, anything over that and they will only get maybe if they are lucky 50 cents on the dollar. Wow Freddy Mac, Fanny Mae, and now the first of the banks. Now I hate to be an alarmist but me thinks the economy is tanking, cried chicken little [
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