Our Awful Situation

Second biggest bank failure…ever

Posted by Charlie Kilo on July 11th, 2008

IndyMac Seized by U.S. Regulators Amid Cash Crunch. Who’s next? Wachovia? WAMU?

IndyMac Bancorp Inc. became the second-biggest federally insured financial company to be seized by U.S. regulators after a run by depositors left the California mortgage lender short on cash.

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