Friday, August 29, 2008

Is the Bank Watch List Incomplete?

CNNMoney.com posted an interesting article after we did our Thursday post yesterday. The story is one that we've continue to spotlight: Worries over possible bank failures. It is worth going back and reading.

Here's why you care: We highlighted the government watch list for angst ridden banks in a prior posting. What CNNMoney.com is saying is that the list may be incomplete. That's a big deal for two reasons: 1) an unexpected left hook like the IndyMac failure would really jolt a fragile Wall Street and 2) what's going on at the government level that the list is incomplete?

We're hoping for more from CNNMoney.com and others. This is an important story.