The financial system is dealing with the worst housing meltdown since the Great Depression and is fending off an extraordinary number of body blows: the Bear Stearns debacle, the IndyMac bank failure, the takeover of Fannie Mae and Freddie Mac, the Lehman Bros. bankruptcy and the government's bailout of American Insurance Group.
The events of the past few days and months have many people reeling. My e-mail inbox and the MSN Money message boards have been flooded with readers' questions about the financial crisis.
Here are answers to some of those questions.
How can I tell if my bank will fail?
Friday, September 26, 2008
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