Bankruptcies, Busted, Downfalls
Feds takeover IndyMac
The Office of Swift Supervision has “seized” assets of lender IndyMac, and the FDIC has taken over operations according to this article.
According to the Drudge Report, this is the second largest bank failure in U.S. history.
[...] looks as though failed bank IndyMac, which was seized by the feds last July, may be sold off by tomorrow. A holding company has applied to the Office of Thrift [...]