Comments on: IndyMac: IndyMac History and Collapse. The Saga of the Second Largest Bank Failure in History, here in Sunny Southern California. http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 12 Mar 2010 00:19:54 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ken chicken http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/comment-page-1/#comment-45843 ken chicken Mon, 08 Mar 2010 07:28:51 +0000 http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/#comment-45843 INDYMAC Bank is like three Gila Monsters following the borrower after one of the Gila Monsters bit the borrower and the rest are waiting for the limping borrower to die before eating him. INDYMAC Bank is like three Gila Monsters following the borrower after one of the Gila Monsters bit the borrower and the rest are waiting for the limping borrower to die before eating him.

]]> By: billyboy http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/comment-page-1/#comment-20366 billyboy Sun, 20 Jul 2008 05:54:10 +0000 http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/#comment-20366 Senators shoulf stay away from the financial business. First Mc Cain and the Keating Five and now Schumer. Senators shoulf stay away from the financial business. First Mc Cain and the Keating Five and now Schumer.

]]> By: gael http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/comment-page-1/#comment-20041 gael Tue, 15 Jul 2008 03:28:17 +0000 http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/#comment-20041 So a friend of mine believes this whole economic downturn will bottom out around December and she is planning on putting her money back into the market then. I am a bit worried about her. She is optimistic, so I don't want to ruin her day, but I also don't want to see her lose her money. What do you guys think? Safe to jump back in in December? Or is this like the depression where things keep going down for quite some time in dribs and doesn't get back to the same levels for a long time? And is there any way to help persuade friends to protect their money and not risk it? So a friend of mine believes this whole economic downturn will bottom out around December and she is planning on putting her money back into the market then. I am a bit worried about her. She is optimistic, so I don’t want to ruin her day, but I also don’t want to see her lose her money. What do you guys think? Safe to jump back in in December? Or is this like the depression where things keep going down for quite some time in dribs and doesn’t get back to the same levels for a long time? And is there any way to help persuade friends to protect their money and not risk it?

]]> By: Lawrence Kudlow http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/comment-page-1/#comment-20040 Lawrence Kudlow Tue, 15 Jul 2008 03:17:45 +0000 http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/#comment-20040 Hey, Folks, its a good time to buy some stock here. And lets get you into a REIT, while we're at it! Up and at 'em, I always say! Did I mention my money is outside of the United States. Ha! You poor suckers! Oops, I'm being honest. Ok, now where was I? Oh yes, c'mon America, spend, spend, spend! No need to save any money here, folks. And don't pay any attention to that man behind the green (red) curtain. Nothing to see here. Just move on and buy some damn stocks so my bosses will keep paying my salary, which I invest in foreign government bonds. Gosh darn it, there I go again! Hey, Folks, its a good time to buy some stock here. And lets get you into a REIT, while we’re at it! Up and at ‘em, I always say! Did I mention my money is outside of the United States. Ha! You poor suckers! Oops, I’m being honest.
Ok, now where was I? Oh yes, c’mon America, spend, spend, spend!
No need to save any money here, folks. And don’t pay any attention to that man behind the green (red) curtain. Nothing to see here. Just move on and buy some damn stocks so my bosses will keep paying my salary, which I invest in foreign government bonds. Gosh darn it, there I go again!

]]> By: Nathan http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/comment-page-1/#comment-20038 Nathan Tue, 15 Jul 2008 02:50:58 +0000 http://www.doctorhousingbubble.com/indymac-indymac-history-and-collapse-the-saga-of-the-second-largest-bank-failure-in-history-here-in-sunny-southern-california/#comment-20038 "approximately $1 billion that does not fall within the $100,000 FDIC insured prevue (sic)" Holy cr@p! That means depositors lost about $500,000 on this failure. That's a heap of dough. I saw on the NBC news story they showed one guy who had $236,000 in there so he lost $68,000 as they are paying 50% on amounts over the $100K. Ouch! I heard elsewhere that some 40% of deposits are uninsured. I'm thinking that a lot of people need to wake up and move some of their money so that they are fully insured. “approximately $1 billion that does not fall within the $100,000 FDIC insured prevue (sic)”

Holy cr@p! That means depositors lost about $500,000 on this failure. That’s a heap of dough. I saw on the NBC news story they showed one guy who had $236,000 in there so he lost $68,000 as they are paying 50% on amounts over the $100K. Ouch!

I heard elsewhere that some 40% of deposits are uninsured. I’m thinking that a lot of people need to wake up and move some of their money so that they are fully insured.

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