Police Called To LA Banks To Calm Clashing Customers

Los Angeles Times:

Los Angeles police were dispatched to IndyMac Bank branches in Encino and Northridge this morning when customers waiting to withdraw money became irate after several people tried to cut in line on the second day of the failed institution's federal takeover.

Police told customers to remain calm or face arrest as they tried to withdraw their money.

Read the whole story: Los Angeles Times

Comments

[Tom95134]

This is the way that wide ranging bank failures start.

[WFV]

It's A Wonderful Life, isn't it?

[itolduso]

I heard the President say he was optimistic, the nation has some "problems" (caused by the Democrats) but was still strong, unemployment numbers still low ....must be all the new bank tellers and security guards they hired.

[LostCause]

The looting has already been finished.

[StephenBarry]

Too true my friend, too true.

[3arthling]

What a wonderful country, this is, where the police protect the thieves and threaten the victims with arrest. I shudder to think that would have happened if they'd had to "calm somebody down".

I'd expect this from, say, Zimbabwe, but here? What has happened to our country?

[StephenBarry]

I totally agree. Marx was correct, the supersession of Capitalism by Socialism is inevitable. We can not endure these so called "free market" crises continually. The system is on the verge of a massive generalized implosion. Keynesian and fiscal stimulus is useless now. A political hammer is needed to smash Wall Street and its political running dogs. We are already half way there as you correctly point out - privatization of gains and socialization of losses. The very WORST of both - the maximization of exploitation of the public. The capitalists are frantically clinging to a sheer cliff face by their bloodied fingernails and could care less about anyone else. The dialectic of this is that after the Soviet Union collapsed they moved closer to Capitalism. When we crash, and we will crash, we will move closer to Communism, as we did under FDR. We will end up meeting in the middle - Socialism. And after all, as Marx pointed out, Socialism is merely the prolonged historical epoch preceding Communism.

[UnknownSoldier]

Will you get your failed ideaology outta here already. Communism is more than an economic philosophy, it is also a social philosophy that does not work with Human Nature. It may work in Ant Farms and Bee Hives but not with people.

[jvarga]

You're right. The punishment for a bank failure should be public execution of all of their workers. They are sub human scum who don't deserve to live. Even the tellers.

[Paul]

I went past the Northridge branch of IndyMac today about noon. Saw about 50 people waiting, but it looked peaceable to me.

[MajorKong]

This simply should not be happening in the United States of America in the year 2008. I can't believe I'm seeing this.

[BigFootJesus]

This is just the beginning.

[Krikkit]

Been talking about this day for over a year now. Took a lot of heat for it, too, someone even had the nerve to call me a fearmonger. I tell ya, foresight is a curse when you don't have the power to do anything about it.

[CintiBlue]

Agree.

I started to talk about the looming mortgage crisis the end of '05 into '06 and got the conspiracy theorist tag assigned to me.

I haven't bothered with an "I told you so" - there's no point and no feel good.

[FreedomCorpse]

I read on Lyndon LaRouche's website about bush firing Armando Falcon of the Office of Federal Housing Enterprise Oversight in 2003 one day after he released a report warning of a systemic crisis in Fannie Mae and Freddie Mac.

http://www.larouchepub.com/other/2003/3010ofheo_rpt.html

A lot of people can't stand LaRouche but he has been ranting and raving about the seriousness of it for years now....nobody with "authority" listened or cared. Now here we are

[HeIsTheOne]

Kevin Bacon..."Animal House"...REMAIN CALM!

Wait in line patiently for your money that they held while all the time you paid fees to the bank for them to securely hold you money on your behalf, which was subsequently invested in an attempt to garner profits for the bank. You got what, .033% return for depositing with them?

Ummm, my grandmother told me about this type of activity back in 1930. Right before the bread and apple lines formed downtown in NYC.

[RTIII]

You don't call the police to _calm_ customers.

If they were interested in calming customers, they should have made up some on-the-spot numbered tickets - representing a place in line - and given them out. This would help people ensure their spot in any long line. They could have gotten same from a quick trip to Office Max or Office Depot, etc. Bringing in the police is a move of intimidation and is never - in our society - calming.
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[DeadCivilian]

You've obviously never lived in California. They call out the SWAT team when the janitors go on strike. They club PCP-crazed, handcuffed motorists on their knees 56 times. They kill homeless people running at them with screwdrivers.

Police to calm customers? This administration used Blackwater to "calm" New Orleans during Katrina.

You ain't seen nothing yet.

(Apologies to David Bowie):

There's a brand new dance but I don't know its name -- Ooh, aah: FASCISM
That people from bad homes do again and again - - Ooh, aah: FASCISM
It's big and it's bland full of tension and fear - Ooh, aah: FASCISM

There's a brand talk, but it's not very clear - Ooh, aah: FASCISM
That people from good homes are talking this year - Ooh, aah: FASCISM
It's loud and it's tasteless and I've heard it before - Ooh, aah: FASCISM

We are the good squad and we're coming to town. Beep beep!

Taser a student for asking a question anyone? Anyone?

[FreedomCorpse]

I have no comment DeadCivilian, I just wanted my blog name running right behind your comment in the thread

[RTIII]

To those lacking in experience, cognitive ability, or situational awareness - street-wisdom, if you will - intimidation can appear as calming. It is, however, fundamentally different as the appropriate underlying perceptions of calm, peace, solace, comfort, etc, are replaced by fear and apprehension.

My issue here isn't with the police but the people who called them.
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[RTIII]

By the way, I do live in CA and have for a long time.

Your statements do not rebut but rather support my assertion.
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[smokeystover39]

"Bringing in the police is a move of intimidation and is never - in our society - calming." Sorry, but the gestapo DID have a calming effect...............WHY?? I'm going to guess that the folks in line had a lot more than two nickels to rub together. If you had a line consisting of folks whose only safety net is their meager deposit - you know - the folks who are unemployed, can't get insurance, about to lose their home - our invisible neighbors, then the LAPD storm troopers would have their hands full. In a sense, I'm sorry that the sheep didn't step out of line and we could have had weeks worth of reality TV showing endless loops of heads being cracked, people being Rodney King'd, Bro's being tasered, etc. Such scenes might have awakened Joe Six Pack to the dire situation in our financial institutions. On the other hand, I'm grateful that no one was hurt . But next time............................................and there will be one.

[RTIII]

Respectfully, no; they had an intimidating effect. That you confuse this for calm is unfortunate.
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