EconWatch.com > Economy: IndyMac - Second LARGEST Bank Failure in US History

Let Us Talkhttp://letustalk.wordpress.com/2008/07/12/economy-indymac-second-largest-bank-failure-in-us-history/ [Let Us Talk] Customers will not be able to bank by phone or Internet over the weekend, regulators said, but can continue to use ATMs, debit cards and checks. Normal branch hours, online banking and phone banking services are to resume Monday.Federal authorities estimated that the takeover of IndyMac, which had $32 billion in assets, would cost the FDIC $4 billion to $8 billion.

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Just Above Sunsethttp://justabovesunset.wordpress.com/2008/07/11/the-house-of-essential-lies/ [Just Above Sunset] The House of Essential Lies: Friday, July 11 - the end of a long, strange week - and it was hard to muster the energy to think about what Jesse Jackson said about Barack Obama (words he thought no one would hear, but Fox News blasted his offline comment far and wide so no one would miss it). Here’s

HungVihttp://www.bantinngoaihoi.com/?p=6849 [HungVi] The fall of IndyMac: IndyMac marks the largest collapse of an FDIC-insured institution since 1984, when Continental Illinois, which had $40 billion in assets, failed, according to FDIC records. The two most expensive banking failures were in 1988, during the nation’s savings and loan crisis: American Savings and Loan Association in California ($5.4 billion) and First Republic Bank in Texas ($4 billion).

money blog[money blog] The Moulin Rouge Housing Bubble: 3 Fascinating Stories. Who Moved ...: Americans are reeling from the Great American Garbage Mortgage Experiment (GAG-ME), the one that included loans where you had the ability to pick your own payment and some that allowed you to cash out every year as if your house was an ATM. The engineers of these products are doing just fine while some of their companies are quickly going into penny stock territory quickly following many that signed onto these loans.

Bucks Righthttp://www.bucksright.com/senator-charles-schumer-causes-bank-failure-97 [Bucks Right] Senator Charles Schumer Causes Bank Failure: IndyMac specialized in Alt-A loans, a type of mortgage that can often be offered to borrowers who don’t fully document their incomes or assets. The company sold most of the loans it originated but continued to hold some on its books.

Finding the Best Home Finance Deals[Finding the Best Home Finance Deals] A 2nd mortgage allows you to take out your homes equity over the ...: CHICAGO (MarketWatch) ”” The volume of applications filed for mortgages jumped a seasonally adjusted 28.4% last week compared to the prior week, as mortgage interest rates continued to drop in the face of a weakening economy, .

The Housing Bubble Bloghttp://thehousingbubbleblog.com/?p=4073 [The Housing Bubble Blog] Cold Realty Is At Hand: “Many are also watching what’s going to happen in the larger economy, Potter said. ‘If you don’t know if you’re going to be laid off next week, you’re probably not going to be interested in buying a house no matter what the price,’

Finance Rates Blog[Finance Rates Blog] Late breaking news: Interest rates have been dropping at banks across the country as the Fed looks likely to lower rates at their next meeting on January 30th if not sooner. Competition among the top online banks has kept the highest-posted rates over 5.00% which is significantly higher than U.S. Treasuries yields, Short-Term U.S. Government Bond Fund Yields, and Mutual Fund Money Market Fund Yields.

MBN, The Monte Bubbles Network, Your News Source On The Webhttp://montebubbles.net/blog1/2006/07/business_financial_news.html [MBN, The Monte Bubbles Network, Your News Source On The Web] Business & Financial News: deviantART.com, one of the most advanced social networks on the Internet, celebrates its sixth birthday this year with the release of Version 5.0 on August 7, 2006. Started as an underground society for artists to share their work, deviantART has evolved into an expansive social network and an online art gallery of gigantic proportions.

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