Mortgage lender IndyMac Bancorp Inc, became the latest bank to collapse after U.S. banking regulators swooped in to seize control on Friday after withdrawals by panicked depositors. IndyMac is a company that was pretty much 100 percent invested in mortgage assets, and it currently had no capital in today's bad mortgage market.
IndyMac will reopen fully on Monday as IndyMac Federal Bank under Federal Deposit Insurance Corp supervision and I anticipate there will be long queues for cash withdrawals when it reopens.
http://uk.reuters.com/article/usTopNews/idUKWA000014120080713
Subscribe to:
Post Comments (Atom)
Popular Posts
-
新加坡人口400万，亚洲人口4亿，全世界人口6亿。 但是，我一人可能就很有可能是世界最傻的了。我真是个不折不扣的大木头。真是受不了自己。
-
If you live in the North-East and commute early, your daily transit routine just got a whole lot sweeter. The Land Transport Authority (LTA)...
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
Let’s be honest - Singapore isn't short on places to check the haze or PSI. Between official portals and various weather apps, the data ... -
Just yesterday, popular food blogger, Brad Lau, who owns food blog ladyironchef , who had refused to pay the full cost of his 4-persons meal...
Those with multiple accounts under $100,000 are probably screwed. During the S & L mess I had a friend with three accounts each under $100,000 that totaled $230,000. She was reimbursed a total of $100,000. Those at the S & L assured her all the money was insured. There was another S & L across the street. She lobbied Congress to no avail.
ReplyDeleteI am sad to hear that.
ReplyDeleteIndyMac Is Included In FBI Fraud Inquiry
ReplyDeletehttp://online.wsj.com/article/SB121625259779860275.html