[RegulatorCountry]

You would not have known about IndyMac but for its failure.

Their rapidly declining stock price is available to all. I read several financial forums daily, and the condition of IMB has been the subject of much dire speculation, for several months.

Republicans need to stop circling the wagons because one of the main factors in this is the responsibility of Gramm. There's quite enough blame to go around, all the way back to the Clinton era. Clinton flunkies at Fannie Mae have a lot of explaining to do, too, not that they'll ever be called on the carpet.

[Dems_R_Losers]

Fannie Mae is MUCH more at fault here than Phil Gramm. Stop reading the DNC talking points. The Gramm-Leach-Bliley legislation passed on an overwhelming, bipartisan vote. It was needed to help U.S. banks stay competitive with foreign banks, and to allow Citigroup to buy Travelers Insurance.

[mkjessup]

You would not have known about IndyMac but for its failure.
Their rapidly declining stock price is available to all. I read several financial forums daily, and the condition of IMB has been the subject of much dire speculation, for several months.

I salute you on your financial awareness and acumen, however I think you would have to concede that the average American does NOT read any financial forum on a daily basis, let alone more than one. Our population has been dumbed down to the point where all the majority knows is what the DJIA is at the close of business, assuming they've bothered to tune in the evening news on the tube.

Sad but true.