It's 1929 all over again! IndyMac bank just failed. Monday morning, the FDIC will be running it.
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16 commentsReplies
El Indio said, (58 days ago)
i COULD try to figure out what you're talking about. there is that possibility for me.
ilikedginger said, (58 days ago)
Hmmm. I worked for Freedom Financial when they were bought by Indy Mac (and I was replaced by an Indy Mac employee). They have a corporate office right across the street from me.
Reverse mortgages, LOL.
soulcamp said, (58 days ago)
@El Indio: To summarize - IndyMac is the second largest financial institution to fail in U.S. history. Expect more to follow.
Reamworks SKG said, (58 days ago)
Another sign of the times: http://www.montgomeryadvertiser.com/apps/pbcs.dll/article?AID=/20080711/NEWS/80711020
For the past 5 years I've been telling everyone to accumulate gold and guns. Now I'm being proved right!
Terrorists aren't what's going to destroy America: Houseflippers are.
soulcamp said, (58 days ago)
My best friend is a welder. I'm going to talk to him this weekend about starting a A/C caging business.
Reamworks SKG said, (58 days ago)
My best friend is a welder
Oesteocephalic is a welder? I thought he was a web guy.
Stereotest said, (58 days ago)
I'm just curious why their names sound so much like each other - although I don't think that Sallie Mae is about to go bankrupt or anything like that.
Pagne said, (57 days ago)
Black Monday, what? I saw this coming.
Goodbye grad school, hello bread lines. What an awesome time to be alive. I'd like to thank my elders for totally fucking my generation over.
I told you this was coming 2 years ago. Or something like that.