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IndyMac Bank Fails; FDIC Takes Over

07.11.2008

WiseOne

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Join Date: Sep 2007

Location: Big Sandy, TN

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IndyMac Bank Fails; FDIC Takes Over

Quote:

LOS ANGELES (AP) -- IndyMac Bank's assets were seized by federal regulators on Friday after succumbing to the pressures of tighter credit, tumbling home prices and rising foreclosures.

The Office of Thrift Supervision said it transferred IndyMac's operations to the Federal Deposit Insurance Corporation because it did not think the lender could meet its depositors' demands.

Read More Here >> Yahoo Finance

WiseOne's Comments, yet another...and I am SURE many more to come. Be ready, people...YOU did this to YOURSELVES! For those of you in deep debt, with all your fancy SUVs, mansions, and such...get ready to do like those in 1929 did and hop out of a tall building...it IS coming for YOU.

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