ONE OF THE LARGEST BANKS IN CA FAILS
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IMMensaMind
RoyalBeluga
Baz
CROW
KrazyBoutDinar
geowhiz
BABYBULL24
11 posters
Page 1 of 1
ONE OF THE LARGEST BANKS IN CA FAILS
Dont think this has hit the internet yet but Indymacbank, I think the largest bank in CA has been taken over by Federal Regulators about a 1/2 hour ago. Rumors has it Fanny Mae & Freddy Mac are soon to follow. Will post link when it comes up.
The domino's be fallin.
Peace
The domino's be fallin.
Peace
BABYBULL24- Posts : 18
Join date : 2008-07-02
Re: ONE OF THE LARGEST BANKS IN CA FAILS
BABYBULL24 wrote:Dont think this has hit the internet yet but Indymacbank, I think the largest bank in CA has been taken over by Federal Regulators about a 1/2 hour ago. Rumors has it Fanny Mae & Freddy Mac are soon to follow. Will post link when it comes up.
The domino's be fallin.
Peace
Sounds good to me. Been keeping my stance in the Mexican Bolsa.
geowhiz- Posts : 29
Join date : 2008-07-06
Re: ONE OF THE LARGEST BANKS IN CA FAILS
FDIC quick on the draw.
http://www.fdic.gov/bank/individual/failed/IndyMac.html
http://www.fdic.gov/bank/individual/failed/IndyMac.html
BABYBULL24- Posts : 18
Join date : 2008-07-02
Re: ONE OF THE LARGEST BANKS IN CA FAILS
http://news.yahoo.com/s/ap/20080711/ap_on_bi_ge/indymac
BABYBULL24- Posts : 18
Join date : 2008-07-02
Re: ONE OF THE LARGEST BANKS IN CA FAILS
& send in the clowns.... Dont worry there here..........
http://news.yahoo.com/s/ap/20080711/ap_on_go_co/congress_housing
http://news.yahoo.com/s/ap/20080711/ap_on_go_co/congress_housing
BABYBULL24- Posts : 18
Join date : 2008-07-02
Who Is Indymacbank??
BABYBULL24 wrote:Dont think this has hit the internet yet but Indymacbank, I think the largest bank in CA has been taken over by Federal Regulators about a 1/2 hour ago. Rumors has it Fanny Mae & Freddy Mac are soon to follow. Will post link when it comes up.
The domino's be fallin.
Peace
I'm sorry, but when I think of Chase, Capital One, Hibernia, etc...Who is Indymacbank??
Biggest Bank in California? I Think NOT!
By the way, Joe's Crab Shack just quit accepting checks for their meals...
Maybe they'll accept dinars!
.
KrazyBoutDinar- Posts : 18
Join date : 2008-06-26
Re: ONE OF THE LARGEST BANKS IN CA FAILS
KrazyBoutDinar wrote:BABYBULL24 wrote:Dont think this has hit the internet yet but Indymacbank, I think the largest bank in CA has been taken over by Federal Regulators about a 1/2 hour ago. Rumors has it Fanny Mae & Freddy Mac are soon to follow. Will post link when it comes up.
The domino's be fallin.
Peace
I'm sorry, but when I think of Chase, Capital One, Hibernia, etc...Who is Indymacbank??
Biggest Bank in California? I Think NOT!
By the way, Joe's Crab Shack just quit accepting checks for their meals...
Maybe they'll accept dinars!
.
Just read the article jackass- 2nd largest financial institution ever bailed out in the history of the US - do you know who the 1st one was?
"The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said."
This little bank is worth is 4 to 8 billion dollars....Do you know how much FDIC insurance the US government holds?
About 100 billion - so to that means 10 to 12 banks of this size could fold & the investors would be covered.
Anything over that and your out of luck - tough guy. Go to your bank after the 100 billion FDIC is gone & see how much you get out of the ATM.
But you got it all figured out Puppy Boy - Jackass.
BABYBULL24- Posts : 18
Join date : 2008-07-02
Re: ONE OF THE LARGEST BANKS IN CA FAILS
Calm down BabyBull24! I have been following this, very serious, worst times I have ever seen, full effects haven't been felt yet, people have no concept.CROWBABYBULL24 wrote:KrazyBoutDinar wrote:BABYBULL24 wrote:Dont think this has hit the internet yet but Indymacbank, I think the largest bank in CA has been taken over by Federal Regulators about a 1/2 hour ago. Rumors has it Fanny Mae & Freddy Mac are soon to follow. Will post link when it comes up.
The domino's be fallin.
Peace
I'm sorry, but when I think of Chase, Capital One, Hibernia, etc...Who is Indymacbank??
Biggest Bank in California? I Think NOT!
By the way, Joe's Crab Shack just quit accepting checks for their meals...
Maybe they'll accept dinars!
.
Just read the article jackass- 2nd largest financial institution ever bailed out in the history of the US - do you know who the 1st one was?
"The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said."
This little bank is worth is 4 to 8 billion dollars....Do you know how much FDIC insurance the US government holds?
About 100 billion - so to that means 10 to 12 banks of this size could fold & the investors would be covered.
Anything over that and your out of luck - tough guy. Go to your bank after the 100 billion FDIC is gone & see how much you get out of the ATM.
But you got it all figured out Puppy Boy - Jackass.
CROW- Posts : 194
Join date : 2008-06-26
Re: ONE OF THE LARGEST BANKS IN CA FAILS
Crow,
I like you & the only reason I am responding but really you have a following but you have no clue - admit it. Ive been around a lot longer then you but you still preach that IIF bank account-ISX crap. What is that speculator/investor stuff - whatever.
I have no doubt that your a good dude & believe everything you say but dont lead other people down that path you have chosen.
lol -
Peace - bro
See you at the hard currency reval party
I like you & the only reason I am responding but really you have a following but you have no clue - admit it. Ive been around a lot longer then you but you still preach that IIF bank account-ISX crap. What is that speculator/investor stuff - whatever.
I have no doubt that your a good dude & believe everything you say but dont lead other people down that path you have chosen.
lol -
Peace - bro
See you at the hard currency reval party
BABYBULL24- Posts : 18
Join date : 2008-07-02
Re: ONE OF THE LARGEST BANKS IN CA FAILS
When this hits I will fly you out to the ISX party! Myself and RoyalBeluga ( I hope he doesn't whine!) will take you on a tour of Baghdad! Speaking of RoyalBeluga where is he? Take care. BabyBull24!BABYBULL24 wrote:Crow,
I like you & the only reason I am responding but really you have a following but you have no clue - admit it. Ive been around a lot longer then you but you still preach that IIF bank account-ISX crap. What is that speculator/investor stuff - whatever.
I have no doubt that your a good dude & believe everything you say but dont lead other people down that path you have chosen.
lol -
Peace - bro
See you at the hard currency reval party
CROW- Posts : 194
Join date : 2008-06-26
Re: ONE OF THE LARGEST BANKS IN CA FAILS
BABYBULL24 wrote:Dont think this has hit the internet yet but Indymacbank, I think the largest bank in CA has been taken over by Federal Regulators about a 1/2 hour ago. Rumors has it Fanny Mae & Freddy Mac are soon to follow. Will post link when it comes up.
The domino's be fallin.
Peace
Fanny and Mac were spoken about on our news last night, in fact by President Bush as well, we here have had one bank go pop, another is on the edge 50/50 should it topple.
Funny things these banks.
Only a couple of months back when they were gladley ripping us all to death with over the top HIGH CHARGES and jamming it down our throats about the UMPTEEN BILLION PROFITS they made in the first 6 MONTHS of any year, everything looked rosey...for them that is....
Now they are kindly letting us buy their shares cheap... not to help them out you understand.... and all of a sudden they aint got a pot to pee in.
Baz- Posts : 17
Join date : 2008-07-08
Re: ONE OF THE LARGEST BANKS IN CA FAILS
CROW wrote:When this hits I will fly you out to the ISX party! Myself and RoyalBeluga ( I hope he doesn't whine!) will take you on a tour of Baghdad! Speaking of RoyalBeluga where is he? Take care. BabyBull24!BABYBULL24 wrote:Crow,
I like you & the only reason I am responding but really you have a following but you have no clue - admit it. Ive been around a lot longer then you but you still preach that IIF bank account-ISX crap. What is that speculator/investor stuff - whatever.
I have no doubt that your a good dude & believe everything you say but dont lead other people down that path you have chosen.
lol -
Peace - bro
See you at the hard currency reval party
I'm here, I don't whine (wine maybe ) and who said you're invited? No riddlers allowed!
RoyalBeluga- Posts : 32
Join date : 2008-07-07
Re: ONE OF THE LARGEST BANKS IN CA FAILS
IndyMac wasn't worth anything near what posters were claiming. At its peak, it was worth ~ 3.5billion, but:
http://latimesblogs.latimes.com/laland/2008/07/indymacs-new-va.html
http://latimesblogs.latimes.com/laland/2008/07/indymacs-new-va.html
IMMensaMind- Forum Leader
- Posts : 10
Join date : 2008-07-04
Re: ONE OF THE LARGEST BANKS IN CA FAILS
well....indymac has 300 B in mortgages, and fanny may and freddy may arent far behind.....
according to CNN today 300 major banks face real serious problems... and could go broke....
oh...indymac was giving to its customers.....50 percent of their money on deposit...thats all...
damn scarey......
.
according to CNN today 300 major banks face real serious problems... and could go broke....
oh...indymac was giving to its customers.....50 percent of their money on deposit...thats all...
damn scarey......
.
wherbie- Posts : 52
Join date : 2008-06-25
Re: ONE OF THE LARGEST BANKS IN CA FAILS
Be a interesting world when we all stop paying our credit cards, and mortgages, and take up hunting wabbits for dinner, growing our own vegatables and hauling water up from the creek.
GypsyRose- Posts : 16
Join date : 2008-06-23
Location : Margaritaville
Re: ONE OF THE LARGEST BANKS IN CA FAILS
Heck, I am half way there!!!GypsyRose wrote:Be a interesting world when we all stop paying our credit cards, and mortgages, and take up hunting wabbits for dinner, growing our own vegatables and hauling water up from the creek.
PeggySue- Posts : 82
Join date : 2008-06-25
Re: ONE OF THE LARGEST BANKS IN CA FAILS
KrazyBoutDinar wrote:BABYBULL24 wrote:Dont think this has hit the internet yet but Indymacbank, I think the largest bank in CA has been taken over by Federal Regulators about a 1/2 hour ago. Rumors has it Fanny Mae & Freddy Mac are soon to follow. Will post link when it comes up.
By the way, Joe's Crab Shack just quit accepting checks for their meals...
Maybe they'll accept dinars!
.
Joe's quit accepting checks ? Do they still take plastic ?
wolverine- Posts : 17
Join date : 2008-07-06
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