It Is Accomplished - As Gandhi never quite said, First they ignore you. Then they laugh at you. Then they attack you. Then you win. I remember one of the first TV debates I had...
Saturday, July 12, 2008
The Third Largest Bank Failure in U. S. History
Jim Cramer told Chris Matthews on MSNBC on June 10 that the banks in this country are basically insolvent. On June 11, federal regulators seized IndyMac Bank in what the Wall Street Journal is calling the third largest bank failure in U. S. History. Phil Gramm and Lawrence Kudlow would have us know that the economic picture has never been rosier.