U.S banking sector health is a concern

Monday, U.S stocks did not work well as there was worry about the health of the U.S banking sector when last week’s collapse of IndyMac outweighed earlier optimism over the government’s plan to stabilize Fannie Mae and Freddie Mac stocks. On the other hand, regional banks were also under fire as investors fretted about the possibility of more bank failures when regulators seized the mortgage lender IndyMac Bancorp Inc following withdrawals by panicked clients. If this situation continues, then there would be real panic in U.S housing economy.