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Police Called In To Tame Angry Indymac Customers

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http://cbs2.com/business/IndyMac.Finance.P...a.2.770438.html

Police Tuesday were called in to tame an angry throng of IndyMac Bank customers trying to pull money out of the Encino branch on the second day of a federal bank takeover.

At least three police squad cars showed up early Tuesday as tensions got heated outside the San Fernando Valley branch of Pasadena-based IndyMac.

Federal regulators seized Pasadena-based IndyMac on Friday and they opened Monday under the control of the Federal Deposit Insurance Corporation.

Deposits to $100,000 are fully insured by the FDIC.

Ohh dear.

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Someones going to end up getting "whacked" over this debacle?

You know what the yanks are like. If they get really pi55ed off out come the firearms.

Edited by OLDFTB

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what were they angry about? couldnt they get their tuppence out to feed the birds?

I strongly suspect that those queing where the depositors with more than $100k. When the news gets out that you can lose money by putting it in a bank - like it really can happen - like no really - no sh1tting - they will wake up and there will be panick.

HAL

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I strongly suspect that those queing where the depositors with more than $100k. When the news gets out that you can lose money by putting it in a bank - like it really can happen - like no really - no sh1tting - they will wake up and there will be panick.

HAL

Yes I think you are right there....

and if they do have over 100,000, will they ever see any of it again ?

Anyone foresee a strong possibility of it happening over here, not too far down the line ?

My elderly mother has money in Barclays (over 35k), and I keep nagging her to shift it.

I really am beginning to think I am not being over concerned.

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Yes I think you are right there....

and if they do have over 100,000, will they ever see any of it again ?

Anyone foresee a strong possibility of it happening over here, not too far down the line ?

My elderly mother has money in Barclays (over 35k), and I keep nagging her to shift it.

I really am beginning to think I am not being over concerned.

My advice is to buy some insurance on any bank deposit. Not 100% sure that the insurance company will divvy up though but better to have a third party for little money I guess.

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When are they going to put tanks in front of the banks.

Having said that the constitution allows individuals to purchase anti-tank weapons.

Perhaps the founding fathers knew what they where doing after all.

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My advice is to buy some insurance on any bank deposit. Not 100% sure that the insurance company will divvy up though but better to have a third party for little money I guess.

thanks, I didn't think of that.

yes I can see premiums for such, increasing rapidly as the insurance companies see the increased risk, because of the poor state of banking now.

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My advice is to buy some insurance on any bank deposit. Not 100% sure that the insurance company will divvy up though but better to have a third party for little money I guess.

So where would you buy said insurance?

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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