http://wallstreetpit.com/289-indymac-seized-by-fdic Sat, 20 Mar 2010 17:56:58 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://wallstreetpit.com/289-indymac-seized-by-fdic#comment-10849 IndyMac Close to Getting Bought by a Group of Private Investors Mon, 29 Dec 2008 03:23:45 +0000 http://wallstreetpit.com/?p=289#comment-10849 [...] the federal government seized control of IndyMac on July 11 of this year, as a result of bank’s bleeding from growing [...] [...] the federal government seized control of IndyMac on July 11 of this year, as a result of bank’s bleeding from growing [...]

]]> http://wallstreetpit.com/289-indymac-seized-by-fdic#comment-1089 IndyMac Under FBI Investigation Wed, 16 Jul 2008 19:18:18 +0000 http://wallstreetpit.com/?p=289#comment-1089 [...] when we thought the IndyMac story was over. According to the Associated Press, the now-defunct IndyMac Bancorp Inc. is under [...] [...] when we thought the IndyMac story was over. According to the Associated Press, the now-defunct IndyMac Bancorp Inc. is under [...]

]]> http://wallstreetpit.com/289-indymac-seized-by-fdic#comment-999 Stocks End Lower Amid Bank Worries Mon, 14 Jul 2008 21:14:42 +0000 http://wallstreetpit.com/?p=289#comment-999 [...] IndyMac Bancorp (IMB) after withdrawals by panicked depositors led to the third-largest banking failure in U.S. [...] [...] IndyMac Bancorp (IMB) after withdrawals by panicked depositors led to the third-largest banking failure in U.S. [...]

]]> http://wallstreetpit.com/289-indymac-seized-by-fdic#comment-971 Ron Haruni Sun, 13 Jul 2008 21:57:58 +0000 http://wallstreetpit.com/?p=289#comment-971 Well John, besides the fact of the federal government managing that crisis very badly....- as unfair and downright unethical S&L mess was for many ...at least, your friend got $100K back.. It could have been much worst, if the raising of the deposit insurance limit from $40K to $100K during fiscal 1980, hadn't been implemented. The pain, in terms of personal finance repercussions for many people would have further intensified and in addition, it would have prompted S&Ls to go haywire. But most definitely, losing $130K is serious. And then if u adjust that amount to inflation almost 30 yrs ago...well, let's not even go there. Sad part is that, history is repeating itself with the ongoing credit crunch and unfortunately many are getting hurt again. Well John, besides the fact of the federal government managing that crisis very badly….- as unfair and downright unethical S&L mess was for many …at least, your friend got $100K back.. It could have been much worst, if the raising of the deposit insurance limit from $40K to $100K during fiscal 1980, hadn’t been implemented. The pain, in terms of personal finance repercussions for many people would have further intensified and in addition, it would have prompted S&Ls to go haywire. But most definitely, losing $130K is serious. And then if u adjust that amount to inflation almost 30 yrs ago…well, let’s not even go there. Sad part is that, history is repeating itself with the ongoing credit crunch and unfortunately many are getting hurt again.

]]> http://wallstreetpit.com/289-indymac-seized-by-fdic#comment-968 John back pain Austin Sun, 13 Jul 2008 19:29:25 +0000 http://wallstreetpit.com/?p=289#comment-968 Those with multiple accounts under $100,000 but totaling more than $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. Those with multiple accounts under $100,000 but totaling more than $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.

]]>