Friday, July 11, 2008

The dominos begin falling

IndyMac Fails, who's next.. Fannie, Freddie? Place your bets.

Office of Thrift Supervision steps in and closes IndyMac Bank; FDIC takes over operations

"IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures."

"The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said."

1 comments:

Anonymous said...

check our their websites:
http://www.indymacbank.com/
http://www.indymacmortgage.com/
http://www.indymacb2b.com/