FEDs Seize IndyMac, Angry Customers, BANK FAILURE - Pasadena

http://pimpinturtle.com

The federal government took control of Pasadena-based IndyMac Bank on Friday in what regulators called the second-largest bank failure in U.S. history.

Citing a massive run on deposits, regulators shut its main branch three hours early, leaving customers stunned and upset........

http://www.latimes.com/business/la-fi-indymac12-2008jul12,0,6071779.story?page=2

Cops to IndyMac customers: Remain calm or face arrest:

Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution's federal takeover.

At least three police squad cars showed up early Tuesday as tensions rose outside the San Fernando Valley branch of Pasadena-based IndyMac.

http://www.dailynews.com/breakingnews/ci_9887404


IndyMac fallout hits other banks:

The fallout of IndyMac Bank prompted investors to dump the stocks of many mortgage lenders, precipitating the steepest one-day decline in banking shares since 1989, a newspaper report said on Tuesday.

Southern California fixtures Downey Financial Corp. and First Fed Financial Corp., were among the hardest hit, with their stock prices down 24 percent and 19 percent respectively, according to the Los Angeles Times.

http://news.xinhuanet.com/english/2008-07/16/content_8553108.htm

Category:

News & Politics

Tags:

• indymac
• bank
• failure
• crisis
• FDIC
• Pasadena
• California
• money
• withdraw
• angry
• customers
• cops
• federal
• reserve

[stonerj0e]

look up indymac on youtube and alot of videos are being suspended. youtube does not want people to know what's really going on. if you have footage of people standing in long lines, then youtube will REMOVE it!!! SERIOUSLY!!!

[llshamelessll]

americans dont wanna wake up? well this aint america, its a future banana republic. my dads still buying shit on his credit cards.

he laughed at my advice and views. well i guess when they cut his retirement hes gonna luv living on the streets. he aint living with me. hes made twice the money and had 3 times the opportunity ive had. he always said "nothings too good for you boy...and nothings what your gonna get" well hes gonna reap what hes sown. ive been warning him for a year.

[2icebaked]

What a liar you are!

[Rawr4200]

You upload videos every fucking day, kill yourself now, also im from the government and we tracked your ip and we are going to your house to arrest you because you know too much.

[sastath]

Don't know why people are complaining this whole thing is awesome. Bought a house in Florida that was repossessed. Guess what beach front only 40k booyah.

This is what happens when american idiots run on banks hell yeah.

[tomahawkinman]

youtube alexjones/steve quayle (1of4) pas t on to as many

[terrafirma91]

Usury. It's all about usury. Money doesn't vanish into thin air, folks. It just changes hands, ownership. Does it surprise anyone that this Indymak is in California? What a bunch of dummies.

[dave777blaster]

they are stalking you day and night your 401K

your govt pension plan is going to be terminated

in 2009.The Depression will make the majority of Americans ill.Then the North American Union

will come on the scene in 2010 .

The New new Deal.

[AM429]

And get gold?

[AM429]

Screw FDIC. They give you 40% up front and give you the rest over a couple years. The dollar can collapse well before you get it back. And in that time you couldnt get gold or oil to hedge against king obama's spending.