Nationalist Posted July 14, 2008 Share Posted July 14, 2008 Link One of the largest US mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis. Federal regulators seized the bank's assets, fearing it might not be able to meet withdrawals by depositors. It is the second-largest financial institution to fail in US history, regulators say. Personally I've never heard of it. But it sounds quite dramatic, and it looks like the customers are going to suffer some loss - upto $1bn is not covered by insurance schemes. Ouch! Quote Link to comment Share on other sites More sharing options...
Patfig Posted July 14, 2008 Share Posted July 14, 2008 LinkPersonally I've never heard of it. But it sounds quite dramatic, and it looks like the customers are going to suffer some loss - upto $1bn is not covered by insurance schemes. Ouch! Ha ha you been on the grog again!! Quote Link to comment Share on other sites More sharing options...
The Colour Posted July 14, 2008 Share Posted July 14, 2008 (edited) This is how a bank collapse should be handled. Take note, Treasury. Edit: Add comma Edited July 14, 2008 by The Colour Quote Link to comment Share on other sites More sharing options...
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