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IndyMac Bank Customer Frustrated by $52K Loss
Editor’s Note: When I began corresponding with a self-described conservative who reads this blog, I had no idea he was cohabitating as a “domestic partner” with another individual to whom he was not...
Citigroup Bailout May Assist More Homeowners
The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling homebuyers who are behind on their mortgage payments. This rescue... Weekly Radio Spin: IndyMac Staffers Bank on PR
Listen to this week's edition of the "Weekly Radio Spin," the Center for Media and Democracy's audio report on the stories behind the news. This week, we look at sustainable greenhouse gas emissions, the politics...
created by Center for Media and Democracy | 1 year ago | updated 1 year ago
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124 views | 0 recommendations | 0 comments
Schumer Might be Investigated Over His Role in Bank Failure
Let's start out with a little background. Senator Schumer writes a letter to federal bank regulators warning about the imminent failure of IndyMac."The U.S. Senator who leads the Senate subcommittee that oversees the Federal Reserve and economic policy has written letters to... Anxious customers line up at IndyMac to withdraw money
Worried customers lined up outside IndyMac to withdraw their money this morning. IndyMac was seized by federal investigators on Friday. The Federal Deposit Insurance Corp automatically insures... Did Chucky Schumers Loose Lips Sink Bank?
" Chuck Schumer may have caused panic and made a bad situation a disaster. The banking regulator said it closed IndyMac after customers began a run on the lender following the June 26 release of a letter by... US Fed seized IndyMac Bank (Updated)
" UPDATES: " Troubled mortgage giant Freddie Mac is aiming to sell off three billion dollars in securities on Monday following last week's meltdown, in a potentially decisive move to heal shattered investor confidence." ..."Monday's auction comes at a time of turmoil in the... IndyMac Bank 33rd to Fail Since October 2000
On the heels of yesterday’s post about what many in news media and financial sectors are describing as the second-largest bank failure in U.S. history, I wondered how many other banks had failed in recent years. A page at the FDIC web site offered a list of 33 banks which...BANK FAILURE! IndyMac Bank Closed by FDIC
Below is the text of an FDIC news release about today’s collapse of IndyMac Bank:IndyMac Bank, F.S.B., Pasadena, CA, was closed today by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation (FDIC) was named conservator. The FDIC will transfer insured...IndyMac Fails, Seized by U.S. Regulators
IndyMac Bancorp Inc. became the second-biggest federally insured financial company to fail today after a run by depositors left the California mortgage lender short on cash. "FDIC Establishes IndyMac Federal...
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