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User: CBS |
IndyMac Hysteria Continues Many customers with more than $100,000 deposited at IndyMac Bank were furious when their funds were frozen. The FDIC is now in control of the bank, but confidence is bruised. Bill Whitaker reports. Tags: Mac Whitaker Bill Banks economy |
User: DbzFanAlways |
IndyMac Bank Run Confrontation in California People waiting in line to get their money. Tags: IndyMac Bank Run Confrontation California economy economic money wait line government federal reserve fed nwo |
User: videorizing |
Indy Mac Bank, That's It Folks Monday first day of Biz with FDIC - technically over weekend you could do couple of things with internet and ATM machine. Tags: IndyMac Bank mortgage |
User: KTLA |
Pissed Off Woman In Line At IndyMac Bank in Encino An angry woman at IndyMac bank in Encino, CA, talks to KTLA Reporter Eric Spillman after learning that some people who lined up are on a predetermined list, while others (like her) lined up very early expecting first-come, first-serve service. The latter were told to go home. Tags: indymac bank angry pissed off money woman encino california ktla reporter eric spillman depression recession economy |
User: CBS |
FDIC Takes Over Indymac Officials attempt to assure Indymac customers it's business as usual when the FDIC took over the failing bank. Bill Whitaker reports. Tags: Bill Whitaker fdic indymac banks takeover deposits |
User: MiCasaMiDinero |
FDIC Insurance Limits and Indymac Bank Loan Modifications Sheila Bair, FDIC Chairman, explains the many concerns depositors have about their bank accounts due the recent bank failures. Depositors don't have to worry if they are within the FDIC loan limits. She also talks about the FDIC loan modification program for IndyMac Bank customers. Tags: fdic insurance limits bank banks failures deposit money safe checking savings trusts ira market accounts certificates of cd us treasury plan federal government indymac loan modification loans modifications prevention late mortgage payments rate freeze finance loss mitigation sccrealestateuncensored micasamidinero micasa midinero mi casa dinero real estate uncensored |
User: employmentcrossing |
IndyMac Lending Freeze In response to an unstable housing and mortgage market, the Pasadena, CA based bank, IndyMac is moving to close all forward mortgage lending business, and cut 3,800 company jobs—more than half of their work force. The industry leader in alt-A loans, where borrowers with good credit, but fall below prime standards, has come to a point where the nation's mortgage market collapse and credit loss has taken its toll. Indymac's main problem is, that it is not well capitalized, and would have to shrink assets to raise the funds needed to stay afloat. By cutting loan production, and reducing operating expenses by 60% with a smaller work force, the company can avoid further damage caused by rising defaults and shrinking capital. Indymac reported its first loss in the company's 23 year history, after taking a $184.2 million hit. The company is forced to take aggressive measures, as it projects the trend to continue as long as the U.S. housing market struggles. Tags: "IndyMac" "Pasadena" "IndyMac Freeze" Cuts" Bank" IndyMac Mortgage" Lending" "3 800 company jobs" "alt-A loans" "borrowers with good credit" "nation's mortgage market" "cutting loan production and reducing operating expenses by 60%" "Indymac reported its first loss in the company's 23 year history" "after taking $184.2 million hit" |
User: homeloannews |
IndyMac CEO Interview CNBC An interview on CNBC with IndyMac Bank CEO Michael Perry about company's Option ARM mortgage portfolio and Federal Reserve's decision to leave interest rates unchanged. Tags: Option ARM mortgages |
User: KTLA |
IndyMac Trouble: Man Frustrated By Chaos At Calif. Branch KTLA Reporter Eric Spillman talks to a frustrated man outside an IndyMac Bank branch in Encino, CA. Some folks who lined up were on a list, while others showed up expecting first-come, first-serve service. Tags: indymac bank money depression recession encino california fdic ktla eric spillman reporter |
User: AssociatedPress |
Money Minute: IndyMac, Delta, Retirement BusinessMoney Minute: IndyMac, Delta, RetirementMoney Minute: IndyMac, Delta, RetirementThe Associated PressThe Associated Press has learned that now-defunct IndyMac Bancorp is under investigation for possible fraud in connection with home loans made to risky borrowers. (July 16)AP Money MinuteThe Associated Press has learned that now-defunct IndyMac Bancorp is under investigation for possible fraud in connection with home loans made to risky borrowers. According to a law enforcement official not authorized to speak publicly about the investigation, the FBI is focused on the company and not individuals who ran it. IndyMac Bank's assets were seized by federal regulators last week after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.--------------------------------More red ink for Delta Airlines. The struggling carrier reported a loss of more than a billion dollars for the second quarter, bringing its total losses to more than $7 billion for the year. Still, the earnings came in ahead of Wall Street's expectations. --------------------------More Americans are dipping in to their 401(k) accounts to weather financial hardships. According to a study by the Center for American Progress, workers in 2004 had $31 billion in outstanding 401(k) loans, a fivefold increase from 1989. Not a wise move, according to the center. Even borrowing a modest $5,000 can dramatically erode savings over time.---------------------I'm Mark Hamrick with AP Money Minute(****END****) Tags: mortgage investigation minute: indymac delta retirement |
User: HarmonieTerre |
Faillite Banque Indymac (USA) 14/07/2008 Comme en 1929, les américains font la queue devant une banque pour récupérer leur argent. Après Bear Stearns en Mars, Indymac est une des plus grosses faillite bancaire américaine. Tags: banque conomie crise faillite finance indymac subprime |
User: KTLA |
IndyMac Trouble: Weatherman Mark Kriski can't check balance KTLA Weatherman Mark Kriski talks with Eric Spillman during a report from an IndyMac bank branch July 15, 2008. Kriski says that he's been locked out of ATMs and online banking, and the only way to check on his money is to go to the branch. Tags: indymac bank run economy depression recession money fdic mark kriski eric spillman weatherman ktla los angeles encino |
User: videorizing |
IndyMac Bank Collapses Indy Mac Bank - one of largest mortgage lenders goes down - FDIC takes over. Tags: IndyMac Bank |
User: donharrold |
IndyMac - Guess Who Gets the Blame? http://www.donharrold.net The "usual suspects" will get what they usually get. You're invited, of course. Tags: indymac don harrold ben bernanke hank paulsen george bush larry kudlow erin burnett jim cramer mortage federal reserve |
User: TonyCroftMortgage |
IndyMac Bank Was Shut Down http://www.tonycroft.com Tags: indymac bank mortgage refinance home loan tvjersey nj new jersey |
User: employmentcrossing |
Indymac Seized By Federal Regulators In what will go down as one of the largest bank collapses in U.S. history, the Pasadena, California based, IndyMac, was shut down by Federal Regulators. With a loss of depositors, who withdrew $1.3 billion dollars in the past 11 days, not to mention an abysmal housing market, the weight was too much bear for IndyMac. A specialist in Alt-A loans, and a bank that helped finance the U.S. housing boom of the 1990's, IndyMac was ultimately ruined by defaults. At one time, the bank reported $32 billion in assets, but in 2008. Recent efforts saw IndyMac cut over half of its work force to raise capital, but it wasn't enough. The Federal Deposit Insurance Corporation will assume all operations starting Monday, for what's left of IndyMac's customers. http://www.EmploymentCrossing.com Tags: "IndyMac" "IndyMac Seizure" Seized By Federal Regulators" "Pasadena CA" "largest bank collapses in U.S. history" "withdrew $1.3 billion dollars the past 11 days" "Alt-A loans" "U.S. housing boom of 1990's" "$32 assets" "reported its first loss 23 years" cut over half work force to raise capital" "Federal Deposit Insurance Corporation" "IndyMac's customers" |
User: Redpill4u |
Government Trying To Prevent Bank Run After IndyMac Collapse Uninterrupted link http://www.youtube.com/watch?v=WGH9669qGls ABC just released this report Sun July 13, 2008 about IndyMac's collapse and steps the feds are taking to prevent more collapsing. 2 years ago there were 50 banks who were showing signs of trouble on a private govt list. Today, there are 90+ and some such as IndyMac who was not on the list. The games are beginning for the globalist engineered design of a collapse. Here's what they've known for quite sometime. Sources: UN Report: The Dollar's Imminent Collapse is Being Caused by U.S. Debt http://seekingalpha.com/article/37355-un-report-the-dollar-s-imminent-collapse-is-being-caused-by-u-s-debt Dollar headed for collapse: Malaysian Prime Minister Mahathir http://www.taipeitimes.com/News/world/archives/2005/03/31/2003248499 Volcker: U.S. Economic Collapse Imminent http://archive.newsmax.com/archives/articles/2005/6/9/161923.shtml THE UNITED STATES IS INSOLVENT http://www.financialsense.com/fsu/editorials/martenson/2006/1217.html Tags: IndyMac federal reserve dollar devaluation economy financial bank run depression inflation abc ron paul currency money |
User: NYInvestingMeetup |
Run on the Bank 2008 - Indymac 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. Tags: Indymac run on the bank failure FDIC housing bubble mortgage market subprime credit crisis Alt-A loans 1930s depresssion recession Fannie Mae Freddie Mac Countrywide Wachovia Washington Mutual economy inflation investing government bailout foreclosures Federal Reserve Fed Bernanke Savings and Loan deposit insurance |
User: pissedoffpatriot84 |
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 Tags: indymac bank failure crisis FDIC Pasadena California money withdraw angry customers cops federal reserve |
User: MalmoBlue |
Mike Malloy - Ingrid and IndyMac Mike Malloy talks about the recent rescue of French-Colombian presidential candidate Ingrid Betancourt and the collapse of the American bank IndyMac in this segment from his 14/7/2008 show. Tags: mike malloy nova radio ingrid betancourt colombia farc indymac bank |
User: SendARope |
Indy Mac is In The Sack What happens when people do not understand what the bankers are doing. Tags: INdy Mac Chuck Baldwin Ron Paul Liberty Bank Federal Reserve Mccain Obama |
User: VOTERSTHINKdotORG |
Are More Banks About To Go Belly Up? http://cspanjunkie.org/ July 12, 2008 CNN Tags: bank close bust closed failure indie indy mac bush iraq abu ghraib gitmo fisa waterboard torture cheney |
User: CollegeStockDean |
Huge IndyMac Bank Run in Southern California Hundreds of worried people line up outside an IndyMac bank in Southern California with hopes to withdraw their money. Huge bank lines formed, the police were on scene and many people weren't allowed into the bank and were asked to go home. The news anchor said that he was unable to withdraw any money from an ATM, and wasn't even able to view his account balances at the ATM or online. The news reporter interviews some very ignorant and misinformed people who don't think their money is FDIC insured. It's sad to see the lack of financial education in America and let's hope more people start learning online through sites like http://www.CollegeStock.com. Tags: indymac bank run credit crisis economy housing slump failing banks FDIC real estate market |
User: videorizing |
Indy Mac Bank , Kaput, Finis First day as depositors try to get at money - after I left it seems they brought in tents and more chairs - plus food. This is like the classic Jimmy Stewart film. Tags: Indy Mac Bank Kaput Finis Crisis |
User: mauifrog |
banks crash- INDYMAC BANK Depositors of failed IndyMac Bank endured long waits in the summer heat for a second day Tuesday, with crowds becoming irate at several branches and customers with large accounts complaining of serious problems in getting their money. bank forclosures crash econemy money the end INDYMAC depression recession oil bush nude teen Tags: bank forclosures crash econemy money the end INDYMAC depression recession oil bush nude teen |
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