Comments on: Bank Failure: IndyMac Bank. Lessons from the Great Depression Part XIV. Bank Failures. http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 06 Jan 2009 19:34:45 +0000 http://wordpress.org/?v=2.2.2 By: t.j. http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-22532 t.j. Fri, 22 Aug 2008 02:33:29 +0000 http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-22532 can anyone tell me if you used your bank to buy treasury notes or municipal bonds are these financial instruments treated as part of the 100000 dollar coverage or do you own them outright and they will not be lost if the bank fails. can anyone tell me if you used your bank to buy treasury notes or municipal
bonds are these financial instruments treated as part of the 100000 dollar
coverage or do you own them outright and they will not be lost if the bank fails.

]]> By: W.C. Varones http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20765 W.C. Varones Sat, 26 Jul 2008 16:40:59 +0000 http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20765 More on the IndyMac fraud from a whistleblower: http://wcvarones.blogspot.com/2008/07/massive-fraud-and-corruption-at-indymac.html More on the IndyMac fraud from a whistleblower:

http://wcvarones.blogspot.com/2008/07/massive-fraud-and-corruption-at-indymac.html

]]> By: mike http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20388 mike Sun, 20 Jul 2008 20:44:48 +0000 http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20388 Umm, the FDIC only has $5 billion in assets, guaranteeing $6 trillion in deposits. Even a monkey can figure out that it could all be over in a flash if 100 banks failed this year. Of course they're projecting as many as 350, which is undoubtledly a number fully massaged just like unemployment and any other number the government puts out. Guns, ammo, and beer...stock up NOW Umm, the FDIC only has $5 billion in assets, guaranteeing $6 trillion in deposits.

Even a monkey can figure out that it could all be over in a flash if 100 banks failed this year. Of course they’re projecting as many as 350, which is undoubtledly a number fully massaged just like unemployment and any other number the government puts out.

Guns, ammo, and beer…stock up NOW

]]> By: Kyler http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20322 Kyler Fri, 18 Jul 2008 20:32:41 +0000 http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20322 Just because a bank loans out $100.00 does not mean they have $100.00 in the safe or in liquid assets. Its more like $10.00 on the banks books in some form for every $100.00 loaned out. So for all your money they are paying you 1, 2, maybe 3% interest on, they are turning around and charging 5 to 20% interest ten times over. Pretty slick deal for the banks, until the market turns against them and suddenly "poof" everybody's money disappears. For a very good explanation of how our banking system works check out www.scamorbam/bankingscams.html Just because a bank loans out $100.00 does not mean they have $100.00 in the safe or in liquid assets. Its more like $10.00 on the banks books in some form for every $100.00 loaned out.

So for all your money they are paying you 1, 2, maybe 3% interest on, they are turning around and charging 5 to 20% interest ten times over. Pretty slick deal for the banks, until the market turns against them and suddenly “poof” everybody’s money disappears.

For a very good explanation of how our banking system works check out www.scamorbam/bankingscams.html

]]> By: mikke http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20157 mikke Wed, 16 Jul 2008 18:27:14 +0000 http://www.doctorhousingbubble.com/bank-failure-indymac-bank-lessons-from-the-great-depression-part-xiv-bank-failures/#comment-20157 Looking at the lineup photo of people in their 60s and up, I have to wonder how many of them realized THEY voted for this when they voted for Reagan, and considered him the savior of everything. Rather than seeing that the almost-end-game of neoliberalism and globalization is precisely this: privatize everything, transfer all you can upwards, leave everyone else in bread (or bank run) lines. I know, they all thought THEY would get rich, and to hell with everyone else. This situation is also a moral reckoning for the US. Looking at the lineup photo of people in their 60s and up, I have to wonder how many of them realized THEY voted for this when they voted for Reagan, and considered him the savior of everything. Rather than seeing that the almost-end-game of neoliberalism and globalization is precisely this: privatize everything, transfer all you can upwards, leave everyone else in bread (or bank run) lines.

I know, they all thought THEY would get rich, and to hell with everyone else.

This situation is also a moral reckoning for the US.

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