IndyMac falls -- but shows that the U.S will grow

This week was pretty hard on a vast number of everyday people who relied on IndyMac bank to hold and manage their funds. It seems that one of the leading California banks whose strong suit lay in mortgages and loans has been appropriated by the government in an action to save investors and account for some major miscalculations. The bottom line for most customers of Indy Mac Bank is that your funds are protected and insured by the FDIC for up to $100,000. Anything past that you're on your own, meaning that many people sitting on large nest eggs are out of luck in seeing any more of their money past that $100k mark. The AP (Associated Press) showed customers of Indy Mac waiting in lines numbering in the thousands, waiting for a bank that wasn't going to open. An interesting thing happened in the following days on the stock market... The price of oil "corrected" by over 16 dollars and is still dropping. As I see it, more banks will fail, and the weak will get weeded out from the strong to help our economy become a more fortified machine. It's going to take some major "corrections" to see a massive rebound, but the chain of events is definitely set in motion and we should see a strong recovery from the maladies in the last 5 or so years.