Just The Facts

Chewing on the FDIC List of 'Problem' Banks

They were right, and you are right.

As one commentor said in response to your original post, the key would rest in whether or not you believe the data being provided by the government (for starters).

More telling is your statement above that "it should be noted that IndyMac failed and it was not on the problem list at the end of the first quarter". I'd be willing to assume that's correct, although I don't know.

And ANY data you're looking at most certainly doesn't consider the total collapse in value of all FNM and FRE preferred and common stock, or the change in Lehman's situation yesterday.

We're in a highly fluid situation here, where information that is more than 24 hours old or so, probably shouldn't be relied upon for making investment decisions.

Buy some gold, if you can find any. That's all I'll say.

:)