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Indymac Brp Form

Indymac Brp Form

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indymac had made too many risky mortgages and by July 2008 it could no longer find investors willing to buy them wasn't the first bank to fail that year but when it closed his tours the afternoon of July 11th it was the biggest yet and by Monday July 14th the line was long it goes around the block behind me to get into the branch here at the headquarters but the branches are open the IndyMac website is back up and now customers are finding out is there let inside and groups of ten at a time what happens when a big bank fails and the feds take over is it all in short I don't know that yet yeah we're gonna put it into another bank and you know that one might go belly-up any day now - so what are you gonna do well he was pretty agonizing sheila bair was head of the FDIC which took over IndyMac that week and ended up spending over 12 billion dollars to cover deposits above and beyond the insured limit of $100,000 back then it's now 250 grand could it happen again well bear says there's a l

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