Economic alert

The top news stories on our front page today point to "troubling times" for the economy.

Speaking of which, I was in Glendale Tuesday and the IndyMac situation there is no different than at other branches across the region. Customers packed the tiny branch along Brand Boulevard and were mostly frustrated and annoyed at the way things were being handled.

A couple of people I chatted with said they would either be transferring their money to Wells Fargo or Bank of America. I wonder how competitors will profit out of the IndyMac situation? And I wonder if any San Gabriel Valley cities have loans or accounts with IndyMac?