Town Hall Meeting

13 Jul 2008

2nd Largest Bank Failure in US History Two Days Ago

Filed under: — Administrator @ 5:50 pm

On the west coast Friday afternoon, when most people just want to get home from work and relax, something major happened – a major US bank failed. This means that anyone with more than $100,000 in their account will not see their money since it is not covered by the FDIC. Thanks G for the links below:

“The takeover of IndyMac came amid rampant speculation that the federal government would also have to take over lenders Fannie Mae and Freddie Mac, which together stand behind almost half of the nation’s mortgage debt.”:
http://thinkprogress.org/2008/07/12/indymac-seized-by-regulators-marking-second-largest-bank-failure-in-us-history/

….
“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-indymac12-2008jul12,1,7375643.story

….
“No advance notice is given to the public when a financial institution is closed.”:
http://indymac.com/
http://www.fdic.gov/bank/individual/failed/IndyMac.html

I think it’s also informative to see who is on IndyMac’s board which the LA Times article did a good job of at least mentioning.

“IndyMac’s board boasts a number of California luminaries. Among the directors, according to a proxy statement the company filed in March, is Pat Haden, 55, a former star quarterback for USC and the Los Angeles Rams, who has been a partner of Riordan, Lewis & Haden, the investment firm founded by former Los Angeles Mayor Richard Riordan, since 1987.

Other directors include Lyle E. Gramley, 81, a former governor of the Federal Reserve; Bruce G. Willison, 59, former dean of the Anderson Graduate School of Management at UCLA; and Lydia H. Kennard, 53, former executive director of Los Angeles World Airports, which operates Los Angeles International.”

And I’ll bet a dollar to a dime that all of them will never have any problems finding another swanky board job even with this disaster under their watch

No Responses to “2nd Largest Bank Failure in US History Two Days Ago”

  1. Health Benefits of Coconut Oil Says:

    hi!,I really like your writing so much! share we be in contact extra approximately your article on AOL?
    I require a specialist in this space to solve my problem.

    Maybe that’s you! Looking ahead to see you.

  2. Benefits of Coconut Oil Says:

    Hey, I think your website might be having browser compatibility issues.
    When I look at your website in Opera, it looks fine but when opening in Internet Explorer,
    it has some overlapping. I just wanted to give you a quick heads up!
    Other then that, wonderful blog!

  3. Coconut Oil Says:

    This info is invaluable. Where can I find out more?

  4. descargar facebook Says:

    If you wish for to get a great deal from this article then you have
    to apply such methods to your won website.

  5. abbyy finereader 14 crack Says:

    Enjoyed reading through this, very good stuff, thankyou .

  6. descargar facebook Says:

    Hi there, I enjoy reading all of your article. I like to write
    a little comment to support you.

  7. descargar facebook Says:

    Hey! Would you mind if I share your blog with my myspace group?
    There’s a lot of people that I think would really appreciate your content.
    Please let me know. Thank you

  8. Ling Kellog Says:

    Hacking group you can trust – http://456bosfo4pgtbrv3.onion – best money I ever spent.You must use TOR browser to access.Wild hacker crew

  9. quest bars cheap Says:

    My brother suggested I might like this web site. He was
    entirely right. This post actually made my day.
    You cann’t imagine simply how much time I had spent for this info!
    Thanks!

  10. quest bars cheap Says:

    Hi there! I know this is kinda off topic but I was wondering if you knew where I could locate a captcha
    plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one?

    Thanks a lot!

  11. quest bars cheap Says:

    I’m not sure where you’re getting your info, but great
    topic. I needs to spend some time learning much more or understanding more.
    Thanks for fantastic information I was looking for this
    information for my mission.

  12. quest bars cheap Says:

    Excellent article! We are linking to this particularly great post on our website.
    Keep up the great writing.

  13. descargar facebook Says:

    Descargar facebook http://twitter.com/descargar_hq descargar facebook
    Hi there to every one, since I am genuinely keen of reading this
    website’s post to be updated regularly. It carries nice information. Descargar facebook http://twitter.com/descargar_hq descargar facebook

  14. Boost test supplements Says:

    Howdy! This blog post couldn’t be written any better!
    Going through this post reminds me of my previous roommate!
    He always kept preaching about this. I will forward this post
    to him. Pretty sure he’s going to have a good read.
    I appreciate you for sharing!

  15. Quest Protein Bars Says:

    Paragraph writing is also a fun, if you be familiar with then you can write if not it is
    complicated to write.

  16. quest bars Says:

    Wow, that’s what I was searching for, what a information! present here at this
    webpage, thanks admin of this website.

  17. Quest Bars Cheap Says:

    Asking questions are truly fastidious thing if you are not understanding
    something entirely, however this post gives pleasant
    understanding yet.

  18. Quest Bars Cheap Says:

    constantly i used to read smaller articles or reviews which as well clear their motive, and that is also happening with
    this post which I am reading here.

  19. What Equipment is Needed for Sling TV Says:

    I visited multiple web pages but the audio quality for audio songs current at this
    website is truly excellent.

  20. Sling TV Says:

    Thank you for some other fantastic post.
    Where else could anyone get that kind of info in such an ideal
    way of writing? I have a presentation subsequent week, and I’m on the look for such information.

  21. Margarete Dumes Says:

    Thanks for sharing this information..have shared this link with others keep posting such information..

  22. What Equipment is Needed for Sling TV Says:

    Do you have a spam issue on this site; I also am a blogger,
    and I was wanting to know your situation; many of us have created some nice practices and we are
    looking to swap techniques with other folks, please shoot me an e-mail if
    interested.

  23. Sling TV Says:

    Thanks for finally writing about > 2nd Largest Bank Failure in US History
    Two Days Ago | Town Hall Meeting < Liked it!

  24. Sumusikoooo Says:

    First of all I want to say wonderful blog! I had a quick question which I’d like
    to ask if you don’t mind. I was interested to find out how you center yourself and clear your thoughts prior to writing.
    I’ve had a difficult time clearing my thoughts in getting my thoughts out there.
    I truly do enjoy writing however it just seems like the
    first 10 to 15 minutes are generally wasted simply just trying to figure out how to begin. Any suggestions or
    tips? Appreciate it!

  25. Sling TV Says:

    Good day! I know this is somewhat off topic but I was wondering which blog
    platform are you using for this website?
    I’m getting tired of WordPress because I’ve had problems
    with hackers and I’m looking at options for another platform.
    I would be great if you could point me in the direction of a good platform.

  26. express vpn keys Says:

    yahoo got me here. Cheers!

  27. What Equipment is Needed for Sling TV Says:

    It’s not my first time to pay a quick visit this web
    page, i am visiting this site dailly and take nice facts from
    here every day.

  28. What Equipment is Needed for Sling TV Says:

    It’s really a nice and helpful piece of information. I’m glad that you shared
    this useful info with us. Please stay us up to date like this.

    Thank you for sharing.

  29. Sling TV Says:

    I pay a quick visit daily some blogs and sites to read posts, however this blog gives quality based posts.

  30. Sling TV Says:

    It’s awesome to go to see this website and reading
    the views of all mates concerning this paragraph, while I am
    also zealous of getting knowledge.

  31. Sling TV Says:

    Its such as you learn my thoughts! You appear to know so much approximately this, like you wrote
    the e-book in it or something. I think that you simply can do
    with a few % to pressure the message home a little bit, but instead of that, this is great blog.

    An excellent read. I will certainly be back.

  32. Sling TV Says:

    Just desire to say your article is as astounding.
    The clarity on your publish is simply cool and
    i can think you’re an expert on this subject. Well along with your permission let me to take hold of
    your feed to stay up to date with approaching post. Thank you one million and please keep up
    the rewarding work.

  33. What Equipment is Needed for Sling TV Says:

    Does your website have a contact page? I’m
    having problems locating it but, I’d like to send you an e-mail.

    I’ve got some creative ideas for your blog you
    might be interested in hearing. Either way, great blog and I look forward to seeing it develop over
    time.

  34. sling tv coupons and promo codes for november 2018 Says:

    Sling tv coupons and promo codes for november 2018
    Hello, every time i used to check weblog posts here early in the daylight, for the reason that i enjoy to gain knowledge of more and
    more. Sling tv coupons and promo codes for november 2018

  35. Lipinska Blanka Ten Dzien ebook Says:

    Hi there everyone, it’s my first pay a quick
    visit at this site, and article is truly fruitful in favor of me, keep up
    posting such articles.

  36. sling tv coupons and promo codes for november 2018 Says:

    Sling tv coupons and promo codes for november 2018
    Howdy! Do you know if they make any plugins to safeguard against hackers?
    I’m kinda paranoid about losing everything I’ve worked hard on.
    Any tips? Sling tv coupons and promo codes for november 2018

  37. What Equipment is Needed for Sling TV Says:

    Wow, superb blog layout! How long have you been blogging for?

    you made blogging glance easy. The total look of your web site is great, let alone the content!

  38. What Equipment is Needed for Sling TV Says:

    I visited many websites however the audio quality for audio songs current at this site is
    genuinely superb.

  39. What Equipment is Needed for Sling TV Says:

    I was suggested this web site by my cousin. I am not sure
    whether this post is written by him as nobody else know such detailed about
    my difficulty. You are wonderful! Thanks!

  40. What Equipment is Needed for Sling TV Says:

    Hey! This is my first comment here so I just wanted to
    give a quick shout out and say I truly enjoy reading your articles.
    Can you suggest any other blogs/websites/forums that
    cover the same subjects? Thank you!

  41. What Equipment is Needed for Sling TV Says:

    Hi there, just became aware of your blog through Google, and found that it is really informative.
    I’m going to watch out for brussels. I will be grateful if you continue
    this in future. Numerous people will be benefited from your writing.
    Cheers!

  42. What Equipment is Needed for Sling TV Says:

    Hmm is anyone else encountering problems with the images on this
    blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog.
    Any feedback would be greatly appreciated.

  43. What Equipment is Needed for Sling TV Says:

    I every time spent my half an hour to read this website’s articles or
    reviews all the time along with a cup of coffee.

  44. descargar facebook Says:

    This is a topic that’s near to my heart… Cheers! Where are your contact details though?

  45. descargar facebook Says:

    This article is really a pleasant one it helps new web
    viewers, who are wishing in favor of blogging.

  46. Sling TV Says:

    I’m not sure why but this web site is loading very slow
    for me. Is anyone else having this issue or is it a problem on my end?
    I’ll check back later on and see if the problem still exists.

  47. Sling TV Says:

    I’d like to thank you for the efforts you’ve put in writing this website.
    I am hoping to view the same high-grade blog posts from you later on as well.
    In fact, your creative writing abilities has motivated me
    to get my own, personal blog now ;)

  48. descargar facebook Says:

    I every time emailed this blog post page to all my friends, as if like to read it afterward my friends will too.

Leave a Reply

NOTE: You can use these HTML tags in your comment: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

ALSO NOTE: A live preview of your comment should appear below the "submit comment" button

Headlines
Democracy Now!
November 22, 2019

Powered by WordPress