Dominoes - 2008-07-12 05:37:02
A real honest run on the bank and bank failure. And not of a minor bank. One of the biggies.
And it's only July, 2008 is already ahead in FDIC takeover count back until 2002. We'll see if they can compare with the 80s banking crises...
Washington Mutual, First Federal Financial, Bank of America (due to buying Countrywide for no apparent reason), Freddie Mac, Fannie Mae, all to follow...
Half of those are "too big to fail", so it'll be exciting.