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July 14, 2008
IndyMac - Second Largest Failure in FDIC History
Subprime lender IndyMac was closed by FDIC on Friday. Check out my comments before and after the closing as quoted in Reuters News Service articles:
News story on July 9, 2008: "IndyMac's Fate Could Test Banking Regulators" http://uk.reuters.com/article/ousiv/idUKN0932999520080710
News story on July 12, 2008: "IndyMac Seized As Financial Troubles Spread" http://news.yahoo.com/s/nm/20080713/bs_nm/indymac_dc
(ag) July 14, 2008, in FDIC
July 14, 2008 in Federal Banking Agencies - FDIC | Permalink
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Comments
My relative lost a great deal of money in the IndyMac closing in July. Now the congress has moved to raise FDIC insurance limits. The higher limits would have completely protected my relative's money. How can I get this outrageous injustice corrected? It was the reckless action of government official Senator Schumer's letter that caused IndyMac to be closed. Now the government is adding insult to tragic injury! - Mike / Milwaukee, WI
Posted by: Mike | Oct 3, 2008 5:09:26 PM
