[MD] fyi

[MarshaV]

Been watching.

Some is interesting.  What would/will I do?   How am I attached?  Even, what 
is this me that feels some panic?

Daydreaming a few weeks ago of skinning a squirrel.  I've never even seen 
such an event.  Where did such a daydream come from?


Yes, woods, garden.

Compassion.













----- Original Message ----- 
From: "Heather Perella" <spiritualadirondack at yahoo.com>
To: <moq_discuss at moqtalk.org>
Sent: Sunday, July 13, 2008 8:33 AM
Subject: Re: [MD] fyi


> Here's another fyi:
>
>     Last night I heard on CNN about this Indymac bank situation.  I had 
> heard about it earlier, but haven't made the opportunity to sit down and 
> find out any details.  I guess the details I was able to hear last night 
> are as follows:
>      Indymac was allowing homeowners to get mortgages without any back-up 
> investments (bear with the noneconomic terms), thus, the homeowners if 
> they couldn't pay their mortgage they didn't have any capital to pay back 
> the bank.  The bank, which is overseen by the gov't (all banks are), 
> thought they could just sell the houses to get their mortgage hand-out 
> back if need be, well, now the country is in the middle of a mortgage 
> breakdown, houses are getting foreclosed, and the market is not a housing 
> market.  A Senator, not sure who (can't remember), publicly mentioned to a 
> committee or something, that this bank, Indymac, had all these 
> foreclosings on mortgages within their bank, but the bank couldn't resell 
> the houses to break even or make a profit.  He, the senator, wanted an 
> investigation into this bank before it was too late.  Well, now that the 
> information was made public, investers heard about this, and pulled money 
> out of Indymac and a run on the
> bank happened.  It was too late.  Indymac then went belly up this week as 
> the investors took their money.  This is being reported as possibly the 
> largest banking closure (loss of money within a bank, unless somebody buys 
> the bank and restocks the investors money back into the bank) in U.S. 
> history, but much of what is happening is not out yet and people, 
> including reporters are trying to investigate.  They (CNN) were showing 
> pictures of people at the bank doors looking to go in, like so many people 
> go to banks across the country, but only found locked doors with signs 
> taped to the door about the banks closing, thus, their money lost.  Now, 
> here's the big hitch on this whole situation.  The reporter on CNN was 
> talking about how the FDIC, gov't banking insurance company, will only 
> back up 100,000 dollars lost in a bank's closing.  The immediate impact by 
> Indymac's closing is heard to effect 90 other banks across the U.S. - 90. 
> So, the reporter said to
> the public on CNN you might want to get any $'s you have over 100,000 
> dollars out of the bank so you don't lose that money for these other 
> banks, if found out will cause a run, and the ripple in this already 
> downward economy will, as we all have figured out by now, disastrous. 
> This is very shaky ground, very shaky.  Even for the reporter to say this 
> is cause for fear.
>     Think about the woods.  Think about gardens.  Hopefully creative 
> generative morals are streaming onward shining something helpful.
>
>
> sincerely good luck,
> SA
>
>
>
>
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