Summary
What a difference a week made. Last week at about this time, a certain panic mode was setting in about the immediate prospects of the U.S. economy.
During the previous weekendplus, two scary things had happened. Rampant doubts had set in about the solvency of the two huge government-sponsored lending institutions that are at the heart of the nation's housing mortgage system.See the full content of this document
Extract
Magic Factor Deters Bank Crisis for Now, at Least
And regulators had seized control of a private bank after a run on its assets. California-based IndyMac became the first major bank to shut down in the current housing crisis,...
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