Bob McCarty Writes

Humor, Politics, Culture & Capitalism @ BobMcCarty.com

Bob McCarty Writes header image 4

IndyMac Bank 33rd to Fail Since October 2000

July 12th, 2008 · 2 Comments

On the heels of yesterday’s post about what many in news media and financial sectors are describing as the second-largest bank failure in U.S. history, I wondered how many other banks had failed in recent years. A page at the FDIC web site offered this list of 33 banks which have failed since October 1, [...]

[Read more →]

Tags: · , , , , , , , , , , , , ,

BANK FAILURE! IndyMac Bank Closed by FDIC

July 11th, 2008 · 2 Comments

Below is the text of an FDIC news release about today’s collapse of IndyMac Bank:
IndyMac Bank, F.S.B., Pasadena, CA, was closed today by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation (FDIC) was named conservator. The FDIC will transfer insured deposits and substantially all the assets of IndyMac Bank, F.S.B., Pasadena, CA, to [...]

[Read more →]

Tags: · , , , , , , , , , , , ,