Comments on: Indymac Collapse And Fannie & Freddie On High Alert http://trading2k.com/2008/07/indymac-collapse-and-fannie-freddie-on-high-alert/ Trading2k.com Financial spread betting blog Sun, 01 Aug 2010 18:53:35 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Petes2cents http://trading2k.com/2008/07/indymac-collapse-and-fannie-freddie-on-high-alert/comment-page-1/#comment-20 Petes2cents Mon, 14 Jul 2008 20:05:18 +0000 http://www.trading2k.com/2008/07/indymac-collapse-and-fannie-freddie-on-high-alert/#comment-20 Now that IndyMac is the first of many banks to fail, I think we're going to see a lot more banks, not only close for the weekend, but close for good and go bankrupt. Rumors talk about 90+ banks, I think that's a little exaggerated, but very well possible. I would guesstimate around 30+ banks will close shop. I'm an investor in the stock market and have started to build a position in Bank of America. One of the few 500 lb. gorillas left in the room. Every dip, I pick up more shares. I don't think there going anywhere, but you never know. Investments are all risky. I never thought I would see this happen here in the USA, but here we are....let's all cross our fingers. petes2cents.com Now that IndyMac is the first of many banks to fail, I think we’re going to see a lot more banks, not only close for the weekend, but close for good and go bankrupt. Rumors talk about 90+ banks, I think that’s a little exaggerated, but very well possible. I would guesstimate around 30+ banks will close shop.

I’m an investor in the stock market and have started to build a position in Bank of America. One of the few 500 lb. gorillas left in the room. Every dip, I pick up more shares. I don’t think there going anywhere, but you never know. Investments are all risky.

I never thought I would see this happen here in the USA, but here we are….let’s all cross our fingers.

petes2cents.com

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