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IndyMac Bank Closes, Transfers Operations To Federal Gov\

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posted on Jul, 11 2008 @ 06:17 PM
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IndyMac Bank Closes, Transfers Operations To Federal Gov\


www.knbc.com

The $32 billion IndyMac Bank, headquartered in Pasadena, will be closed and operations will be transferred to the Federal Deposit Insurance Corporation, the Office of Thrift Supervision announced Friday.
(visit the link for the full news article)



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posted on Jul, 11 2008 @ 06:17 PM
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I heard this about 20 minutes ago.

It seems to be another nail in the coffin.

Second largest bank to go bust in US history!

www.knbc.com
(visit the link for the full news article)

REFER TO ROCKPUTS THREAD sorry

[edit on 11-7-2008 by whiteraven]



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