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As of 12-31-08
The FDIC issued a news release Friday to let the world know the agency’s board had approved a letter of intent to sell IndyMac Bank to a thrift holding company controlled by IMB Management Holdings LP. Though one of the men involved in purchasing the bank shares the same last name as Treasury Secretary Henry [...]
Paulson Among Buyers of Failed IndyMac Bank
January 5th, 2009 · 3 Comments
Tags: · Associated Press, banking system, Bloomberg, ESPN, espn sports center, failed bank, fdic, george soros, hank paulson, hedge fund, hedge-fund operators, imb management holdings, indy mac bank, indymac bank, john alfred paulson, Los Angeles Times, madison avenue, paulson, pseudo-journalists, public affairs office, san jose business journal, sports center, treasury department, treasury secretary henry m. paulson, walek and associates, Wall Street Journal
IndyMac Bank Customer Frustrated by $52K Loss
December 19th, 2008 · 7 Comments
Editor’s Note: When I began corresponding with a self-described conservative who reads this blog, I had no idea he was cohabitating as a “domestic partner” with another individual to whom he was not married. Though I’m staunchly against such unconventional living arrangements, that’s not my focus here. Instead, I chose to pursue this story based [...]
Tags: · bailout, bank failure, beneficiaries, Congress, domestic partner, domestic partnership, fdic, fdic-insured accounts, federal deposit insurance corporation, financial crisis, florida, indymac, indymac bank, indymac bank failure, port charlotte
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, [...]
Tags: · bank closure, bank failure, bank failures, failed banks, fdic, indy mac, indy mac bank, indy mac bank failure, indy mac failure, indymac, indymac bank, indymac bank failure, indymac failure, list of failed banks
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 [...]
Tags: · bank failure, Bloomberg, fdic, fdic news release, indy mac, indy mac bank, indymac, indymac bank, indyMac bank closed by fdic, indymac bank collapse, SmartMoney, subprime loans, United Press International
