Political commentary, opinion & insight into the state of the United States of America.

IndyMac Bank was one of the first bank failures as the housing bubble burst. They had been handing out mortages to anyone who could fog a mirror. Have you ever wondered what happened to the bank? How does the FDIC find a buyer for a turkey like this bank? What happens to all those bad Read the full article…

As the housing crisis was bubbling to the surface, I had a conversation with a young man who was a risk manager for a bank that went down in the mess. He spelled it all out for me. What was coming, when it was coming, and who would go first. I learned one thing from Read the full article…