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

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.

FDIC quick on the draw.

http://www.fdic.gov/bank/individual/failed/IndyMac.html

http://news.yahoo.com/s/ap/20080711/ap_on_bi_ge/indymac

& send in the clowns.... Dont worry there here..........


http://news.yahoo.com/s/ap/20080711/ap_on_go_co/congress_housing

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 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 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.

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.CROW

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

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

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: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.

CROW wrote:

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

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!

I'm here, I don't whine (wine maybe ) and who said you're invited? No riddlers allowed!

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

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......

.

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 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.

Heck, I am half way there!!!

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 ?