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  • July 11, 2008 at 4:32 PM #238002
    SDEngineer
    Participant

    [quote=OC Burns]”IndyMac’s failure is the first bank failure in California since 2003 and is expected to cost the FDIC between $4 billion and $8 billion, based on the regulator’s preliminary estimates.”

    You know…somewhere between 4 BILLION and 8 BILLION.

    Quite a margin of error, eh?

    With accountants like these, who needs thieves?[/quote]

    Presumably because a ton of their real assets are in “hard-to-value” hard assets like REO properties. Until the regulators can actually do some research on them, do you really think that what IndyMac has them “on the books” for is the real value that they’ll bring on the market?

    July 11, 2008 at 4:37 PM #237815
    j
    Participant

    Who is next? Downey, Washington Mutual, or somebody else?

    July 11, 2008 at 4:37 PM #237949
    j
    Participant

    Who is next? Downey, Washington Mutual, or somebody else?

    July 11, 2008 at 4:37 PM #237956
    j
    Participant

    Who is next? Downey, Washington Mutual, or somebody else?

    July 11, 2008 at 4:37 PM #238005
    j
    Participant

    Who is next? Downey, Washington Mutual, or somebody else?

    July 11, 2008 at 4:37 PM #238017
    j
    Participant

    Who is next? Downey, Washington Mutual, or somebody else?

    July 11, 2008 at 4:41 PM #237825
    OC Burns
    Participant

    WaMu is next.

    Downey is toast too…. but WaMu is next.

    July 11, 2008 at 4:41 PM #237958
    OC Burns
    Participant

    WaMu is next.

    Downey is toast too…. but WaMu is next.

    July 11, 2008 at 4:41 PM #237966
    OC Burns
    Participant

    WaMu is next.

    Downey is toast too…. but WaMu is next.

    July 11, 2008 at 4:41 PM #238015
    OC Burns
    Participant

    WaMu is next.

    Downey is toast too…. but WaMu is next.

    July 11, 2008 at 4:41 PM #238028
    OC Burns
    Participant

    WaMu is next.

    Downey is toast too…. but WaMu is next.

    July 11, 2008 at 4:43 PM #237830
    jficquette
    Participant

    [quote=OC Burns]WaMu is next.

    Downey is toast too…. but WaMu is next.[/quote]

    Lehman and Merrill Lynch appear to be going under too sooner or later. Lehman first then Merrill.

    John

    July 11, 2008 at 4:43 PM #237964
    jficquette
    Participant

    [quote=OC Burns]WaMu is next.

    Downey is toast too…. but WaMu is next.[/quote]

    Lehman and Merrill Lynch appear to be going under too sooner or later. Lehman first then Merrill.

    John

    July 11, 2008 at 4:43 PM #237971
    jficquette
    Participant

    [quote=OC Burns]WaMu is next.

    Downey is toast too…. but WaMu is next.[/quote]

    Lehman and Merrill Lynch appear to be going under too sooner or later. Lehman first then Merrill.

    John

    July 11, 2008 at 4:43 PM #238021
    jficquette
    Participant

    [quote=OC Burns]WaMu is next.

    Downey is toast too…. but WaMu is next.[/quote]

    Lehman and Merrill Lynch appear to be going under too sooner or later. Lehman first then Merrill.

    John

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