IndyMac fails

[AK]

The senior senator from New York seems to pay a lot of attention to California-based financial institutions like IndyMac and Countrywide. Meanwhile he backs the bailout of New York’s Bear Stearns, and urges deregulation of, and unwavering support for, Fannie Mae, the Democratic sacred cow.

I’m no fan of the current administration, but Schumer’s actions are starting to look a little bit odd to me.

[tucker…]

it looks like this is the real start of the next great depression very scary times indeed.its only going to get worse.this is question for anybody.
what can help to fix these problems raising interest rates and to stop printing so many dollars will not help in this early stage imoho ? i see very dark days for the usa. i think we still are the best country and will pull out of this, that gives me hope at least.

[tucker…]

it looks like this is the real start of the next great depression very scary times indeed.its only going to get worse.this is question for anybody.
what can help to fix these problems raising interest rates and to stop printing so many dollars will not help in this early stage imoho ? i see very dark days for the usa. i think we still are the best country and will pull out of this, that gives me hope at least.

[tucker…]

it looks like this is the real start of the next great depression very scary times indeed.its only going to get worse.this is question for anybody.
what can help to fix these problems raising interest rates and to stop printing so many dollars will not help in this early stage imoho ? i see very dark days for the usa. i think we still are the best country and will pull out of this, that gives me hope at least.

[tucker…]

it looks like this is the real start of the next great depression very scary times indeed.its only going to get worse.this is question for anybody.
what can help to fix these problems raising interest rates and to stop printing so many dollars will not help in this early stage imoho ? i see very dark days for the usa. i think we still are the best country and will pull out of this, that gives me hope at least.

[tucker…]

it looks like this is the real start of the next great depression very scary times indeed.its only going to get worse.this is question for anybody.
what can help to fix these problems raising interest rates and to stop printing so many dollars will not help in this early stage imoho ? i see very dark days for the usa. i think we still are the best country and will pull out of this, that gives me hope at least.

[j]

http://www.indymacbank.com/

[j]

http://www.indymacbank.com/

[j]

http://www.indymacbank.com/

[j]

http://www.indymacbank.com/

[j]

http://www.indymacbank.com/

[bsrsharma]

IndyMac may be costliest bank failure ever

According to the Federal Deposit Insurance Corporation, 10,000 customers of failed IndyMac Bancorp Inc could lose as much as $500,000. And the FDIC tells CNNMoney that the failure also will cost the Deposit Insurance Fund between $4 billion and $8 billion…

http://money.cnn.com/2008/07/12/news/companies/indymac_fdic/index.htm?postversion=2008071210

I think many may be retirees losing their nest egg. It baffles me how that could happen when IndyMac has been on glide path for a while and everywhere on news.

[bsrsharma]

IndyMac may be costliest bank failure ever

According to the Federal Deposit Insurance Corporation, 10,000 customers of failed IndyMac Bancorp Inc could lose as much as $500,000. And the FDIC tells CNNMoney that the failure also will cost the Deposit Insurance Fund between $4 billion and $8 billion…

http://money.cnn.com/2008/07/12/news/companies/indymac_fdic/index.htm?postversion=2008071210

I think many may be retirees losing their nest egg. It baffles me how that could happen when IndyMac has been on glide path for a while and everywhere on news.

[bsrsharma]

IndyMac may be costliest bank failure ever

According to the Federal Deposit Insurance Corporation, 10,000 customers of failed IndyMac Bancorp Inc could lose as much as $500,000. And the FDIC tells CNNMoney that the failure also will cost the Deposit Insurance Fund between $4 billion and $8 billion…

http://money.cnn.com/2008/07/12/news/companies/indymac_fdic/index.htm?postversion=2008071210

I think many may be retirees losing their nest egg. It baffles me how that could happen when IndyMac has been on glide path for a while and everywhere on news.

[bsrsharma]

IndyMac may be costliest bank failure ever

According to the Federal Deposit Insurance Corporation, 10,000 customers of failed IndyMac Bancorp Inc could lose as much as $500,000. And the FDIC tells CNNMoney that the failure also will cost the Deposit Insurance Fund between $4 billion and $8 billion…

http://money.cnn.com/2008/07/12/news/companies/indymac_fdic/index.htm?postversion=2008071210

I think many may be retirees losing their nest egg. It baffles me how that could happen when IndyMac has been on glide path for a while and everywhere on news.

[Author]

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