Nice job, you f***ng moron
The libs told the banks that if you they didn’t loan money to sub-prime borrowers, the majority of whom were minorities, then they were “racist”. So the forced them to loan the money to people who couldn’t pay it back. And that’s where we are...
Back to you, Chet.
In a written statement, the Office of Thrift Supervision, which regulated IndyMac, said "the immediate cause" of the failure was statements made by Sen. Charles Schumer, a New York Democrat. Mr. Schumer in late June publicly raised concerns about the bank's solvency.
Can't wait to see Shumie wiggle on this one.
Friday, too. Nothing happens on the weekend, but this story might make WSJ radio Saturday show.
bttt
I hope you don’t work for this bank....
In early or mid June someone posted here on FR that due to some kind of stock market or economical theory that the BIG, BIG crash will happen early next week. That this coming crash will make the Depression look like a walk in the park. I wonder if this is the beginning of that happening.
Pinging you on this thread for your comments, which are always appreciated.
Heard on a local talk station here that as many as 6000 banks are going under shortly,we’ll see.
I guess the sky really IS falling.
Nice job, you f***ng moron
FDIC Information for IndyMac Bank, F.S.B., Pasadena, CA
On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All non-brokered insured deposit accounts have been transferred to IndyMac Federal Bank, F.S.B., Pasadena, CA (”assuming institution”) a new FDIC-insured Federal Mutual Savings Bank. No advance notice is given to the public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.
Please select the link below to read more about this event:
FDIC Bank Closing Information for IndyMac
The IndyMac websites are expected to be available Monday, July 14, 2008.
If the balance in your account(s) (this includes any accounts in which you have an ownership) is less than $100,000, no action is required on your part at this time. Your entire insured account(s) will be transferred to IndyMac Federal Bank and will be available for business as usual during regular business hours.
FDIC CALL CENTER
866-806-5919
CALL CENTER HOURS OF OPERATION:
Friday, 7/11/08, 3:00 p.m. - 9:00 p.m. Pacific
Saturday, 7/12/08, 8:00 a.m. – 8:00 p.m. Pacific
Sunday, 7/13/08, 8:00 a.m. – 6:00 p.m. Pacific
THEREAFTER
Monday through Friday, 8:00 a.m. – 8:00 p.m. Pacific
Perhaps several other "banks" will broad exposure to shady lending.
This may be the start of "the run".
A bit of hyperbole... That $40 billion in 1984 would be $82.4 billion in 2007 dollars. If we survived the (in 2007 dollars) $82.4 billion bank failure in 1984, I think we can survive one that's not even 40% of that value...
Failure pays well.
The CEO of this failed institution has a compensation Totaling $42.23 mil over 5-Years
Script revealed long ago...
http://illuminati-overtime.blogspot.com/2007/11/collapse-of-major-banks-illuminati-to.html
Time to plant that rooftop garden?
It won't be easy...pulling off those solar panels. :(