Tuesday, July 15, 2008
Varones on the FDIC
WC Varones has a 13 July 2008 post about IndyMac's recent failure and the FDIC, which I agree with, here's the link: www.wcvarones.blogspot.com/2008/07/fdic-gone-wild.html. The best case I can make for the FDIC's Sheila Bair: she's incompetent, see my 16 June 2008 post. The worst, well ... I nominate Christopher Dodd to be head of "The New Keating Five". Does anyone remember the old Keating Five? No it was not a rock group like the Beatles. OTS Director Reich should shut his face.