Last Friday when people went to IndyMac Bank,they were shocked to see armed guards watching closed doors.One of the largest home lenders were shut down and taken over by the office of Thrift Supervision.IndyMac is reopened,however thousands of The Bank customers could lose as much as half of their amount.
Last month the FEDS declared to have 90 financial institutions on problem list.
Today US Department of The Treasury offered to help mortgage giants Fannie Mae and Freddie Mac.
There are finance comets and lot many twinkling stars on the dark financial skies about to lose their shine.
A to Z by Anna Khan
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