QandO (Free subscription) | 07/12/2008
I ndyMac Bank’s assets were seized by federal regulators when it was determined, Friday, that it could no longer meet depositor’s demands. Why were there such heavy depositor demands? Because of an incompetent senator from NY - Chuck Schumer . Schumer sent a letter on June 26th to several bank regulating agencies urging them to take steps to prevent IndyMac’s collapse. At that point, all’s fine. But...
Patterico's Pontifications (Free subscription) | 07/12/2008
The feds say yes .
Georgia Bankruptcy Blog (Free subscription) | 07/12/2008
IndyMac Bank has been shut down by the Office of Thrift Supervision and Federal Deposit Insurance...
Calculated Risk (Free subscription) | 07/12/2008
Full press release here:IndyMac Bank, F.S.B., Pasadena, CA, was closed today by the Office of...
Anonymous | 07/14/2008
These bad loans were made worse by lenders trying their best to make loans to illegal aliens? Even...
