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There will be more of this and I really don't know what tools the Fed possesses to stop it short of wholesale nationalisation of the banking industry.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Jul 17th, 2008 at 09:17:02 AM EST
[ Parent ]
Enforcing banking regulations has always been popular.  

http://www.cnn.com/2008/US/07/16/fbi.indymac/?iref=hpmostpop

by paving on Thu Jul 17th, 2008 at 03:39:45 PM EST
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