gung: As Doug says,I believe you can have more than one FDIC insured account as long as they're in separate institutions; I don't know if there's a limit on the absolute number of such insured accounts that one person can hold. I also understand there's a higher FDIC (or other US Gov't Agency) limit on insured IRA accounts, but I've never checked. BillKCG's: Schumer (who used to be the Dem's hatchet man, and maybe still is) just accelerated the inevitable with IndyMac; as things stand, with it's losses, no one could've saved it. Trad Frmr: I wish it was just deadbeats; if you'd like a rundown on how the whole industry ran amok, from the neighborhood "mortgage originator" to the geniuses of greed on Wall Street, see F Wm Engdahl's 5-part piece on his website. There's also a concise history of our bubble on patrick.net, but I'd have to look up the entry. Like the pilot says: "Tighten your seat belts; there may be turbulence ahead..."
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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