IndyMac: Mini Bank Run, Thanks to Schumer

IndyMac: Mini Bank Run, Thanks to Schumer

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I have some matters that are pressing and thus, am currently unavoidably detained. However, the most recent updates of Friday and Saturday, April 22, and 23rd are timely and appear below the rerunning of the original April 5, 2005 "A Fatwah, Foie Gras Faux Pas", which, is now posted below with today’s date. The Friday, April 22 and Saturday April 23 stories are below the "fatwah foie gras faux.

In IndyMac’s case, the bank’s problems stemmed from bad mortgage loans, but some regulators also blame the run on a public letter from Sen. Charles Schumer expressing concerns about the bank.

Indymac Raises 12 Month CD Rate to 4.30% APY. Author:. Looks like Indymac Bank had a mini bank run over the weekend due to recent concerns about their health that were aggravated by Senator Schumer.

 · The FDIC shut down IndyMac at 6 p.m. New York time on Friday, July 11. The FDIC tried to find a buyer for IndyMac, as it had for every other bank that failed this year. That usually is the least-expensive solution. No bank was willing to purchase IndyMac for a fair price, the FDIC says.

Evans Bank violated fair housing and. Regional New York bank Evans Bancorp was accused of illegally discriminating against African-Americans in Buffalo by denying them mortgages in a lawsuit filed by the state’s attorney general on. Evans Bank Settles New York ‘Redlining’ Lawsuit .

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The failure of IndyMac Bank on July 11, 2008, was the fourth largest bank failure in United States history up until the crisis precipitated even larger failures, and the second largest failure of a regulated thrift. IndyMac Bank’s parent corporation was IndyMac Bancorp until the FDIC seized IndyMac Bank.

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Questions are arising that the October Surprise was the financial Meltdown of our economy and if Democrats started it, caused it, and won the election because of it, they bit off more than they can chew, and they WILL pay for this. When Chuck Schumer came out and talked about the IndyMac Bank, a rush on money caused it to fail.

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