Excerpts can skew the impression of a person’s overall concept, but I find this video interesting considering it happened in 2004, just before the biggest real estate bubble ever seen.

“We believe that it is essential to utilize this authority to accelerate the pace of loan modifications in order to halt and reverse the rising tide of foreclosures that is imperiling the economy,” Federal Deposit Insurance Corp Chairman Sheila Bair said in prepared remarks to be delivered to the House Financial Services Committee. from Reuters
FDIC [...]

Lot of talk about the Treasury bailout plan, but what does it mean for the average person just trying to make a living and perhaps put a few dollars away for the future?
Frankly, it looks to me like the Treasury is going for the plan that will bailout financial institutions that participated in higher than [...]

No need to provide a link to any specific source, it’s been widely reported EVERYWHERE.
At this point, the news really isn’t about what happened with Indymac, it’s who is going to follow in their footsteps.  There’s also been a lot of commentary on Fannie Mae and Freddie Mac issues, but I believe Fannie and Freddie [...]