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It appears that consumers who held their money in trusts are facing some confusion at Indymac. This includes missing balances as well as non-paid interest. It serves as a reminder to make sure your trust accounts are in order and that you have the proper documentation.

The fall of the dollar below $1.60 is highly disturbing, but can be tied to the BBC's airing of depositors fighting on lines outside of Indymac branches.

Fed Chief Ben Bernanke gave his semi-annual report to Congress today and it was short on good news. The headline - inflation concerns as well as economic weakness. Nothing new for people who follow this site.

The economy is collapsing. The banking disease has now extended to the US's "real economy". Tax stimulus and the consumer economy have failed and we seem to be headed to a real depression very quickly. The IPhone is the only thing that can save us here.

According to the FDIC website, Indymac will continue to pay interest at the contract rate. I assume this means that everyone who opened a high yield CD will continue to receive their interest payments.

Panic has set in over Fannie Mae and Freddie Mac. They have taken a necessary hit but is the talk of insolvency justified? Some markets don't think so.

As Bank of America's stock has plunged, its dividend has soared. It paid a dividend of 64 cents a share in April which amounts to a 11.61% dividend yield. Should you invest? It depends on your risk appetite.

The problems with Fannie Mae and Freddie Mac are one other example of how the old financial system is collapsing. The result will be higher rates for everyone and sinking home prices.

Want an easy way to accomplish all of this? Read on. You can do it.

I count myself among the pool of investors who believed that oil could spike higher and bought some Canadian oil trusts - pwe and erf - only to find that they now trade at the same price that they did when oil was at $80 a barrel. The catch is the new Canadian tax act that will affect these things differently in 2011 and stop them from moving up no matter what happens to oil until then.

BusinessWeek is running an article stating that India's growth is expected to drop ffrom 9% to 7% this year. As one of the countries gulping oil, will this help to pop the oil bubble?

Chinese consumers have been socking away money in time deposits (what we call CDs) for the last year and while you would think banks might like it, they don't. Banks worldwide suffer when consumers shift their money from low interest savings to higher interest savings and time deposits.

Indymac raised the rate on its 12 month CD to 4.30% APY make it the clear rate leader on the BestCashCow rate table.

Emails from UBS continue to paint a picture of banks knowingly selling damaged and failing investment products to individual investors in bids to reduce their own exposure.