IndyMac Bank failed recently and now everybody is trying to make out how the situation is with other banks. Its hilarious if you look at some of the big name economics/business newspapers, magazines and see what they have to say.
Headlines from two major newspapers and both contradicting each other.
CNN Money is reporting – Analysts: Most banks are safe
New York Times – Analysts Say More banks Will Fail
Seems like everybody is trying to pull out numbers from a hat and passing a verdict with an air of specialization. [Logically speaking the above two statements don’t really contradict each other].
And the funny thing is, IndyMac Bank was not even on the FDIC’s list of troubled banks. As of late May, just 90 institutions were on FDIC’s troubled bank list.
If you are looking for the list, I think its probably a paid subscriber content. If I come across one, you’ll find it posted here. Bookmark the site for future updates.