CNN and bank bust?

Question

tell me about it and give me a link to the article or something about it, please and thank you

Answer 1

Two banks are now under federal supervision. The banks are the Fannie Mae which now is the Fannie Mae Federal any deposit up to $100,000 will be fully covered any amount over that will only receives 50% of the sum back. I recieved this information the CNN news this morning.  The other bank is IndyMac bank which now is under federal supervision. I try to apply logic to these situations but this situation has me really troubled. When the banks start to fail it is like 1929 is happening.