The blame game is in full force after Friday’s late news that IndyMac Bank was being closed by the FDIC. Bush administration officials have blamed Senator Schumer, Schumer has blamed IndyMac executives, and regulators are blaming the media for misrepresenting the story. Today the FDIC released a statement regarding the media frezy in an effort to calm the public perception about the US banking system.

There have been many articles and blog posts focusing on who might be next. This New York Times article and this CNN article review the financials of a few troubled banks.

After IndyMac was seized - the seventh bank to fail since the credit crisis began last summer, and the second-largest bank to fail in the Federal Deposit Insurance Corp.’s 75-year history - stocks in nearly all the nation’s banks were clobbered Monday as the market bet that there will be more failures. This is a tough time to be investing in banks.