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Run on the Bank 2008 - Indymac

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Uploaded by on Aug 24, 2008

http://investing.meetup.com/21 - New York Investing meetup organizer Daryl Montgomery discusses the run on Indymac bank and its collapse. The New York Invesing is a group of 1800 independent traders and investors that provides unbiased investing education to the public. We also have an associated blog, "The Helicopter Economics Investing Guide" at: http://nyinvestingmeetup.blogspot.com.

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  • This weekend, Paulson is saving 36B in Russian, German, CHINESE FRE/FNM bond holders, while trashing $11B in common AMERICAN common stock (retail) Mom and Pop holders, by nationalizing FRE/FNM. Foreigners, some we despise, keep our war machine & debt thriving. They balked at refi-ing dwindling liar loan packages his Sept ($250B). Paulson panic'ed, days after tossing off cash infusions as unnecessary, both firms toast.

    1. No one will EVER invest in GSE again.

    2. Republicans are TOAST.

  • U.S. pension programs in the United States were major holders of Fannie Mae and Freddie Mac stock. They and their future retirement were sold out by the Paulson and the Fed. How much longer will the American public put up with this?

  • It is true that the FDIC can take 20 years to pay you back on your "insured" savings?!

  • Even worse, if you have over a $100,000 dollars on deposit, you will lose some to most of it. A lot of ordinary people lost part of their life savings in the Indymac failure - and the news media keeps telling the American public everything is fine. People need to take actions to protect their money and not assume the U.S. government is going to do this for them.

  • Thank you

  • Your welcome.

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  • Listem to Mr Mortgage also, je's right on the money.....exactly!!!!!!!!

  • does anyone remember the Keaton Five?

  • What do Americans care about issues when they can have T&A candidates to gawk at? Democrats tout diversity, Republicans tout diversion, we did this to ourselves.

  • And it's neck and ...aging warmongers and MILF's take the lead!!!POTUS'08!

    They picking the cabinet from HOOTER's NEXT?

    OT: Paulson's killing off the preferred is having the unintended consequence of chasing private investment in preferred in the toilet!

    Welcome to Depression '09!

  • nader paul kucinich gravel

    mckinney ventura

    perot charts

    rage

    Got honesty?

  • i read that the FDIC has to pay you back within 6 months. true ?

  • Thx...keep these great videos coming!

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