"IndyMac, with assets of $32 billion and deposits of $19 billion, is the fifth bank to fail this year. Between 2005 and 2007, only three banks failed. And in the past 15 years, the FDIC has taken over 127 banks with combined assets of $22 billion, according to FDIC records."
well, that's big news- who knew until now? but i love this one:
"There will be increased failures, but it will be within range of what we can handle," Bair said. "People should not worry."
and we should believe them why?