Time to put Money Under the Mattress?

I go away for a two week vacation and all hell breaks loose. I have some blog catching up to do! 

First off…

Federal regulators seized the California lender, IndyMac Bank last Friday. IndyMac Bank was one of the largest savings and loans. There are several dozen other banks on the “watch list” and investors are speculating on “who is next” –  (does any of this sound familiar to anyone else?).

The Wall Street Journal reported we could expect more banks to fail in the coming months.

So, what else in on the table? 

• Fannie Mae and Freddi Mac are in trouble as the Bush administration tries to figure out what to do. 

• The price of oil is still rising.

• Bills from the war are coming in. 

• Citigroup and Merrill Lynch are expected to report multibillion-dollar write-offs this week. 

Of course with every crisis there is an opportunity. That opportunity could be to learn your canning and preserving food skills.